Artificial intelligence (AI) is a technology that copies how people think and process information, making it useful for companies in many innovative fields. AI chips process large amounts of data in emerging AI technology. As an essential component, companies involved in the design and manufacturing of AI chips are likely to benefit from the growth of AI development. In 2023, the AI sector attracted a lot of media coverage and investors. The potential size of the AI market is still unknown because we keep finding new ways to use AI technology. AI chip companies in this list are likely to benefit from the growing interest in the AI market.
Be calm
Advanced Micro Devices (AMD) experienced several downgrades this week. Analysts from B of A Securities and Cantor Fitzgerald downgraded AMD to "Buy" and "Overweight," respectively, both setting a price target of $1801. Additionally, Morgan Stanley downgraded AMD to "Equalweight" from "Overweight," maintaining a $176 price target, citing high expectations for AMD's AI business38. Despite these downgrades, the stock remains a ...
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