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Bank of America Forecasts Chip Stock Recovery | Markets & Money News
Bank of America predicts a potential recovery for semiconductor stocks by early 2027 as clarity around U.S. policies and corporate buybacks may ease concerns over AI spending. The Philadelphia Semiconductor Index has fallen 37%, exceeding typical correction averages. Historically, semiconductor stocks rebound after earnings estimates are cut. BofA outlines three scenarios: a baseline with another 10% decline, a bear case extending the downturn into mid-2027, and a bull case reliant on a quick
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