Bank Ratings | Deutsche Bank: Adds Applied Materials and Broadcom to Top Technology Stock Picks for the Next 12 Months

Glonghui, April 3rd｜Deutsche Bank has added Applied Materials and Broadcom to its top technology stock picks for the next 12 months. Analyst Melissa Weathers stated that Applied Materials is expected to benefit from the recent strength in the chip industry and the recovery in demand for dynamic random-access memory (DRAM); another favorable factor is the significant increase in capital expenditure by TSMC. TSMC is one of the main customers for Applied Materials equipment and is currently expanding wafer plants in both Arizona and Taiwan. As for Broadcom, the company is showing strong momentum in the AI-related semiconductor field (including networking and computing). It has already confirmed six customers, and AI chip revenue is expected to exceed 10 billion USD in fiscal year 2027. Deutsche Bank also included the following companies in its tech stock picks: Oracle, Spotify, T-Mobile US, Digital Realty Trust, Cellebrite DI.