Citi analyst Christopher Danely opened “90-day positive catalyst watches” on shares of Intel (INTC) and NXP Semiconductors (NXPI) and “90-day downside catalyst watches” on GlobalFoundries (GFS), AMD (AMD) and Texas Instruments (TXN) into the Q2 earnings season. The analyst sees continued weakness in the handset end market for GlobalFoundries and weakness in the analog market for Texas Instruments. For NXP, Citi expects upside to estimates from the auto end market, and for Intel, it sees upside to estimates from the PC recovery.
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