10 AI News Updates Trending on Wall Street

7. Logitech International S.A. (NASDAQ:LOGI)

Number of Hedge Fund Holders: 18

Logitech International S.A. (NASDAQ:LOGI) designs and supplies software-enabled hardware solutions, including accessories, peripherals, and audio devices, to boost work productivity and provide a superior gaming and streaming experience. The company is delving into AI with new-age products like the recently launched Rally Board 65 video conferencing solution with AI features to elevate hybrid work environments. The company’s Logi AI Prompt Builder is also an emerging productivity tool that leverages ChatGPT to summarize, rephrase, and create custom-made prompts to stream business workflows.

On January 30th, Kepler Cheuvreux upgraded Logitech International S.A. (NASDAQ:LOGI) to “Buy” from “Hold” while raising the stock’s price target to ₣100 ($110) from ₣77 ($84). The analysts highlighted that the company reported a “beat and raise” Q3, showing its potential to grow in difficult markets. The brokerage added that the company is going from an “expensive cash cow to AI-driven grower.”