Semiconductor names will benefit if Apple goes ahead with Hyundai deal: Stifel analyst

Semiconductor names will benefit if Apple goes ahead with Hyundai deal: Stifel analyst

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00:00
i do believe uh semiconductors and as well as equipment names will be beneficiaries uh particularly if uh if apple does uh you know uh go forward with this agreement with hyundai kia i i do believe semiconductor content will grow exponentially uh given the potential demands uh that are out there for the apple car and patrick you're even willing to name some names which companies are are you looking at and why and how are you choosing them yeah i i
00:33
think as you look down the the food chain from semiconductors to the equipment side of things i really think the equipment industry will be one of the biggest beneficiaries because of new capacity expansion that is needed so names that i do like that will benefit from this include applied materials kla core uh and lamb research steph do you like this potential announcement for apple i do i think it's going to take a very long time to kind of see how it all plays out we don't we don't even have a timeline but we
01:06
don't even have an announcement right but um it's been great reporting uh by phil for sure um i i do like the semi-cap equipment companies i happen to own lamb research um i think that the autonomous vehicle market total addressable market goes from 56 billion last year to 556 billion by 2026. that's a 39 percent kager and clearly uh the wafer fab equipment number numbers are going to have to go up as well and that's a benefit for someone like a lamb research great quarter beaten raised still a cheap
01:36
stock so i like the call morgan stanley analyst katie huberty wrote very bullishly about the size of the potential market here getting into mobility and and saying it's a 10 trillion dollar market smartphones are a 500 billion dollar market patrick and apple only ha only needs a two percent share of this market to be the size of their iphone business how do you think about the size and scope of what apple could do here and what that might mean for your group i i i tend to agree at least with the magnitude of the numbers we're talking
02:08
about uh remember apple is great in innovation they transformed the smartphone market basically created it when they introduced the iphone i'm not saying that apple will do that for the car or the electric vehicle market but given their track record of innovation and their investment capabilities this is a much larger opportunity uh that yes if they only get a small percentage of that marketplace it's still going to be a
02:39
significant revenue and earnings generator for the company and i think that's a positive trickle-down effect again for the entire semiconductor food chain shepherd smith here thanks for watching cnbc on youtube

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