10 AI News Updates Investors Should Not Miss

8. TE Connectivity plc (NYSE:TEL)

Number of Hedge Fund Holders: 44

TE Connectivity plc (NYSE:TEL) manufactures and sells connectivity and sensor solutions critical for building and operating AI infrastructure. On January 31, TD Cowen analyst Joseph C Giordano maintained a “Buy” rating on the stock and retained the price target of $165.00. The company’s strong growth in the data center sector is a significant reason for the rating. This growth has offset weaker global automotive trends, except in China where the company excels. The analyst further acknowledged that even though there is minimal incremental downside across most of the business sectors, the exact timing for growth in the transportation and industrial equipment segments remains uncertain.