Multiple Wall Street Institutions Advocate "Buying the Dip" in Semiconductors: AI's Long-Term Logic Remains Intact, but Investment Enters the Era of Selectivity

BlockBeats News, July 7 — Amid the recent pullback in the semiconductor sector, multiple Wall Street institutions have voiced their opinions, generally believing that the current correction offers investors a "buy-the-dip" opportunity. However, unlike previous recommendations to broadly allocate across the semiconductor sector, institutions now generally believe AI investment has entered a phase of selective stock picking. Goldman Sachs stated that AI chip trading has entered a stage where selectivity is more critical, advising against continued "basket buying" of the semiconductor sector. They remain optimistic about specific segments such as CPUs, ASICs, memory, and semiconductor equipment, and specifically highlighted AMD and Applied Materials as favorable picks. JPMorgan believes the recent pullback in semiconductor stocks presents a good window for positioning, as demand for AI chips remains in a long-term upward cycle. They noted that new production capacity is not expected to be significantly released until around 2028, and the industry's supply-demand dynamics remain healthy. Bank of America maintains an optimistic outlook on the long-term growth cycle of AI semiconductors, suggesting the industry is still in the mid-stage of an 8-10 year growth cycle. They believe the global semiconductor market size is poised for continued expansion and recommend focusing on leading companies such as Nvidia, Broadcom, Lam Research, and KLA. America stated that the long-term investment logic for AI remains unchanged, and short-term fluctuations in the semiconductor sector instead provide long-term investors with opportunities to gradually build positions. They recommend taking advantage of market corrections to buy the dip. Morgan Stanley, on the other hand, believes the long-term prospects for AI chips remain favorable. However, with the sector's significant rally, the market will increasingly focus on earnings realization capabilities. Capital may gradually rotate from certain chip stocks to areas like cloud computing and other AI infrastructure beneficiaries. Investors should place greater emphasis on selective stock picking. Overall, institutions such as Goldman Sachs, JPMorgan, Bank of America, and America have recently conveyed similar signals: the semiconductor pullback does not signify the end of the AI rally but rather provides a new window for positioning. However, the market has shifted from the previous "sector-wide rally" to a phase of "selecting leading stocks." Future performance will depend more on companies' ability to deliver earnings and the sustainability of demand for AI infrastructure.