Citi is optimistic about the short-term stock performance of AMD (AMD.US) and Analog Devices (ADI.US), and considers the Apple supply chain as a quality defensive option.

Citi analysts have announced a 30-day "Positive Catalyst Watch" on chip giant AMD and leading analog chip manufacturer Analog Devices, demonstrating strong confidence in the short-term stock performance of both companies. Although the global smartphone market is currently facing potential shipment declines due to rising memory prices, Citi remains optimistic about the core suppliers in Apple's supply chain, believing that the resilience of the high-end market will serve as a safe haven amid industry turbulence.