Chip Stocks At 'Peak Valuations'; Nvidia Has Most Downside, Analyst Says

Semiconductor stocks are "in the band of peak valuations," making attractive stocks in the sector hard to find, investment bank BMO Capital Markets said Monday.

"The list of names we like is small," BMO analyst Ambrish Srivastava said in a report.

That list includes five chip stocks with outperform ratings: Analog Devices (ADI), Advanced Micro Devices (AMD), Microsemi (MSCC), Texas Instruments (TXN) and Xilinx (XLNX).

He rates graphics chipmaker Nvidia (NVDA) as underperform because it has...

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