With both Western Digital (WDC) - Get Report and Nvidia (NVDA) - Get Reportreceiving upgrades from Goldman Sachs (GS) - Get Reporton Tuesday, CNBC's "Halftime Report" deliberated the best plays within the semiconductor space moving forward.
"Intel (INTC) - Get Report and Qualcomm (QCOM) - Get Report come to mind," Lebenthal Asset Management CEO Jim Lebenthal said. Addressing Intel specifically, he noted the slip in its most recent quarterly results but said that could be in the rear-view.
"The chart is actually looking like it's forming a cup-and-handle and that bodes extremely well going into 2017," he stated.
"Broadcom, it's trading at a 20% discount to its peers," Link noted. "They just beat and raised, and did an acquisition to diversify away from Apple, (AAPL) - Get Reportbecause Apple exposure is 10%."
But, the positive sentiment encompassing the iPhone 8 may entice investors to get some exposure to Apple, and Broadcom is one way to accomplish that.
"But, these guys are doing much more than that, and I do think you get exposure to a lot of the various end markets that have done well and will continue to do well," Link contended.
(Apple is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trialhere.Qualcomm is held in David Peltier's Dividend Stock Advisor portfolio. See all of his holdings with afree trial.)