Top 10 AI Stocks on the Move and on Analysts’ Radar

5. NXP Semiconductors N.V. (NASDAQ:NXPI)

Number of Hedge Fund Holders: 44

NXP Semiconductors N.V. (NASDAQ:NXPI) is a technology company that designs and manufactures semiconductors for the automotive, industrial, and consumer markets. Its products include microcontrollers, processors, sensors, and connectivity modules. The company has expanded its portfolio with neural processing units (NPU) and AI software that deliver energy-efficient performance across neural networks. On February 20, analysts at Citi led by Christopher Danely upgraded the stock to a Buy from a Neutral and hiked the price target to $290 from $210.

The upgrade comes amid growing expectations that the analog semiconductor sector is on a recovery trajectory. NXP Semiconductors N.V. (NASDAQ:NXPI) is one of the companies well-positioned to benefit from the recovery. The company has already confirmed the acquisition of AI firm Kinara for $307 million as it seeks to enhance its processing portfolio with AI software and high-performance neural processing units.