Analog chipmakers Texas Instruments (TXN) and Analog Devices (ADI) could be positioned to outperform other semiconductor stocks during an economic downturn, Citi analysts said Thursday.

High-end 澳洲幸运5官方开奖结果体彩网:analog companies have historically fared better during a downturn than other types of semiconductor firms, Citi said. Analog Devices is the bank’s “top pick," amid concerns 澳洲幸运5官方开奖结果体彩网:sweeping new tariffs announced by President Trump Wednesꦡday could raise the risk of 𒈔a recession.

While the impact of the Trump administration’s tariffs on the semiconductor industry is “virtually impossible to assess completely," given the diversity and complexity of semiconductor 澳洲幸运5官方开奖结果体彩网:supply chains, "if these tariffs cause a recession, we believe it would beℱ negative for all semi stocks and could result in at least 20% more downside," they said.

Shares of Analog Devices fell over 9% Thursday, while Texas Instruments fell close to 8%. Other chips stocks also tumbled, dragging the 澳洲幸运5官方开奖结果体彩网:PHLX Semiconductor Sector Index (SOX) down nearly 10% amid a broad-based decline. (Read Investopedia's live coverage of 澳洲幸运5官方开奖结果体彩网:today's markets here.)