Bank of America says to buy these 5 global semiconductor stocks

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Semiconductor stocks are among Barclays inflation hedge picks.

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Bank of America has named several European chip stocks that it says investors should buy as the industry grapples with an ongoing global chip shortage.

The bank’s analysts wrote in a note last week that they’re bullish on semiconductors in general, describing them as a “critical commodity” that will enable innovations in everything from 5G and electric vehicles, to autonomous driving and artificial intelligence.

Here are the stocks Bank of America says are a buy: