15 AI News Making Waves Right Now

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12. Skyworks Solutions, Inc. (NASDAQ: SWKS)

Market Capitalization: $13.41 billion

Skyworks Solutions, Inc. (NADAQ: SWKS) designs, produces, and markets semiconductor products. It is known for supplying semiconductor components that power AI-enabled smartphones and related technologies.

On November 13, Craig-Hallum lowered the firm’s price target on Skyworks Solutions, Inc. (NADAQ: SWKS) to $105 from $140 and kept a “Buy” rating on the shares. The firm believes Skyworks is poised for long-term success due to its growth in AI-enabled smartphones and strong growth in Broad markets. September quarter growth is attributed to Apple seasonality, with management highlighting ongoing strength in Broad markets.

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