Buy Nvidia and These 2 Other Chip Stocks, Analyst Says. They Are Set to Rise Next Year.

After a difficult year for chip stocks, Bernstein is telling investors to take advantage of the share price declines and buy three semiconductor companies that have the best product outlooks.

On Friday, analyst Stacy Rasgon recommended

Advanced Micro Devices

(ticker:

AMD

),

Nvidia

(NVDA), and

Qualcomm

(

QCOM

). He believes expectations for the stocks are now low enough for investor sentiment to surprise on the upside next year. The analyst has Outperform ratings on the three chip makers.