MAAANGO: These are the best positioned chip stocks, according to an analyst

MAAANGO: These are the best positioned chip stocks, according to an analyst

Marvell (MRVL), Broadcom (AVGO), AMD (AMD), Analog Devices (ADI), Nvidia (NVDA) GlobalFoundries (GFS), and On Semiconductor (ON) are the stocks best positioned to navigate what appears to be a tricky market for semiconductors in the near future, says Bank of America (BAC) Analyst Vivek Arya.

While the triple-A acronym might not be as well-known as some other stock group acronyms, MAAANGO stocks represent tech stocks with relatively resilient supply chains in a semiconductor industry that has been shaky at best since the pandemic.

“I know it's a very interesting term,” the Bank of America analyst told Yahoo Finance Live reporters in a recent segment. “But the reason we came up with that term was really to help investors focus on the names that they should start re-engaging with as investors start to go and look at the semiconductor stocks.”