semiconductor stocks have fallen far enough to present a longterm opportunity in companies with growth opportunities and depressed valuations according to analysts at credit suisse  semiconductor stocks have been hit hard recently by warnings of slowing spending weaker demand for devices such as personal computers and the risk that uschina tension will snarl supply chains offsetting that has been this week’s news of a highprofile investment by warren buffett’s berkshire hathaway ticker brka in taiwan semiconductor tsm credit suisse analysts led by chris casso initiated coverage of the semiconductor devices sector on tuesday with an overweight rating overall they argue “there has been enough bad news” to lower the risk of investing despite the possibility that the economy will weaken further for investors looking for nearterm protection the credit suisse analysts said wirelessdevice specialist qualcomm qcom was their top pick they noted that qualcomm now trades at 135 times its projected 2023 earnings on credit suisse forecasts making it relatively inexpensive compared with other companies in the sector they initiated coverage of qualcomm with an outperform rating and 150 target price qualcomm shares were at around 125 in premarket trading on wednesday the analysts said nvidia nvda was their overall top pick noting its strengths in scientific computing artificial intelligence and data science nvidia is set to report earnings after the close on wednesday having cut its financial forecasts multiple times over the past several months “we believe nvda has the best growth prospects in semis semiconductors due to their dominance of ai and the expected growth rate of ai throughout data center markets” the credit suisse analysts wrote credit suisse has an outperform rating and 210 target price on nvidia stock up from 205 previously nvidia trades at around 163 the analysts downgraded texas instruments txn to a neutral rating from outperfom previously with a target price of 205 “txn’s large exposure to industrial makes it very challenging to identify the “real” level of demand since the significant shortages that occurred over the last year gave customers every incentive to have built inventory where they could” the analysts wrote the analysts assumed coverage of intel intc with a neutral rating and 28 target price they noted the company is likely to have to increase capital spending aggressively to match taiwan semiconductor and rival advanced micro devices amd pressuring its cash flow