15 AI News You Must Read Today

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12. Cirrus Logic, Inc. (NASDAQ:CRUS)

Market Capitalization: $5.33 billion

Cirrus Logic, Inc. (NASDAQ:CRUS) is a fabless semiconductor company engaged in the development of analog and mixed-signal integrated circuits for audio and energy markets. The chipmaker benefits from the production of leading-edge chips for smartphones and artificial intelligence applications.

On November 12, Loop Capital initiated coverage of Cirrus Logic, Inc. (NASDAQ:CRUS) with a “Buy” rating and a $130 price target. According to the firm, Cirrus is poised to benefit from a step-up in annual iPhone unit shipments in 2026, which is what investors will be looking out for over the year. Loop states that the company is also set to gain from its improvements in battery player capabilities, especially considering the growing needs of smartphones and PCs using genAI.

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