10 AI Stocks Making Waves on Wall Street

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7. Tower Semiconductor Ltd. (NASDAQ:TSEM)

Number of Hedge Fund Holders: 26

Tower Semiconductor Ltd. (NASDAQ:TSEM) is an independent semiconductor foundry. Its specialized semiconductor technologies fit the growing demands of AI applications. On February 3rd, Wedbush analyst Matt Bryson initiated coverage on the stock with an “Outperform” rating and a target price of $60. The firm said that it is bullish on the semiconductor company, specifically talking about the company’s recent outperformance, longer-term opportunities in specialty technologies, and its beneficial diversified geographical footprint. However, the firm sees some mixed near-term demand signals but the recent decline in valuation accounts for the risk. Overall, Wedbush is focused on TSEM’s longer-term growth opportunities.

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