10 AI News Updates on Wall Street’s Radar

7. TTM Technologies, Inc. (NASDAQ:TTMI)

Number of Hedge Fund Holders: 25

TTM Technologies, Inc. (NASDAQ:TTMI) designs and manufactures printed circuit boards (PCB), RF components, and mission systems for industries including aerospace, defense, automotive, medical, and data center computing.

On February 11, Stifel resumed coverage of TTM Technologies with a Buy rating and a $33 price target. The firm highlighted TTMI’s revenue diversification and focus on key customers and segments while reducing reliance on cyclical markets. Strategic acquisitions have shifted more than half of its aerospace and defense revenue toward engineered and integrated electronics. Meanwhile, PCB demand in the Data Center Computing segment grew 44% year-over-year, driven by AI-related applications. Stifel also sees TTMI’s new Malaysia facility as a long-term positive, as hyperscaler PCB production transitions from China to Penang.