Experts discussed best chip stocks to buy in a program on CNBC. Dan Nathan said that you must enter the chip stocks area with caution, as there are numerous players in it. He gave a BUY rating to Marvell Technology Group Ltd. (NASDAQ:MRVL) technologies, and said that Marvell Technology Group Ltd. (NASDAQ:MRVL) has a room for growth. It recently reported a bad quarterly earnings, but this will not affect its overall growth potential. He thinks that MRVL is a competitor to Broadcom. Marvell Technology Group Ltd. (NASDAQ:MRVL) is a cheap stock ($14 a share) and you should go for it.
Pete Najarian said that Intel Corporation (NASDAQ:INTC) is a stock you should buy, because it has a massive growth potential. It recently bought a big chip company, which will pave the way for its reach in the emerging markets. Intel Corporation (NASDAQ:INTC) also has bright chances of getting a luck in the mobile. Intel Corporation (NASDAQ:INTC) also went up by 2% in the last week. The recent acquisition will also give it a push.
Guy Adami favored QUALCOMM, Inc. (NASDAQ:QCOM), and said that QUALCOMM, Inc. (NASDAQ:QCOM) could be the next candidate for a possible acquisition. He said that there are also chances of any big name acquiring Qualcomm. Whatever the case is, Qualcomm has depicted that its stock has strength. QUALCOMM, Inc. (NASDAQ:QCOM) went up by 2% last week.
To summarize, Intel Corporation (NASDAQ:INTC), QUALCOMM, Inc. (NASDAQ:QCOM) and Marvell Technology Group Ltd. (NASDAQ:MRVL) are stocks you should buy from the semiconductor domain.
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