📊Executive Summary

Cantor Fitzgerald anticipates that the semiconductor sector will outperform the broader market in 2026, driven by strong demand for artificial intelligence (AI) computing and ongoing supply constraints in memory and storage components. The firm highlights a 'capacity-driven upcycle' affecting DRAM, NAND, and hard disk drives, suggesting sustained supply shortages that could impact procurement strategies. Top semiconductor picks include NVIDIA and Broadcom in AI, Micron in DRAM, and Western Digital in storage. The report emphasizes the importance of maintaining positions in the semiconductor sector despite potential market volatility, indicating a positive outlook for semiconductor capital equipment companies....