35 Chip Stocks Powering AI Boom

24. Keysight Technologies, Inc. (NYSE:KEYS)

Number of Hedge Fund Holders: 36 

Keysight Technologies, Inc. (NYSE:KEYS) provides electronic design and test solutions to industries in the Americas, Europe, and the Asia Pacific. The firm is heavily involved in AI. particularly through the testing, measurement, and simulation solutions that support AI applications in fields like telecommunications, aerospace, and automotive industries. Some of  the notable AI-related products include EDA Software for RF Circuit Design, Network Emulators, and Signal Generators and Oscilloscopes. These AI-related solutions are part of a broader product portfolio of the firm which contributed to an overall revenue of $1.22 billion in Q3 2024.

Keysight Technologies, Inc. (NYSE:KEYS) has started grabbing the attention of Wall Street analysts. Deutsche Bank recently raised the price target on the stock to $175 from $163 and kept a Buy rating, noting the company was poised to deliver a meaningful inflection towards positive growth heading into fiscal 2025 and remained a key beneficiary of several multi-year themes, including artificial intelligence, 5G/6G, autonomous vehicles, semi onshoring and rising defense spend.