Why Mizuho Thinks Now's The Time To Be "Defensive And Selective" In Semis

<p>Vijay Rakesh looks at some of Mizuho's calls in the semis, with names like Microchip Technology, Nvidia, NXP Semiconductor, and Seagate Technology. He notes that after a 150% move in the SOX, it would be timely to be more "defensive and selective". He now likes the rotation into WFE, 5G handsets, and memory where growth could accelerate in the second half of 2021. </p>