Citi adds catalyst watches on AMD and Analog Devices ahead of Q1 semiconductor earnings, keeping Broadcom, Nvidia, TI, Monolithic as top picks.
Citi maintains Neutral rating on AMD, cuts price target to $248 from $260, and raises 2026 EPS estimate to $6.38.
Analog Devices receives a Buy rating with $400 price target, driven by expected 10‑15% analog price hikes amid higher input costs.
Citi projects data‑center semiconductor market to reach $731 bn by 2028, with cloud‑provider capex growing 69% in 2026 after 79% rise in 2025.