Top 10 Trending AI Stocks on Wall Street

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

Number of Hedge Fund Holders: 44

NXP Semiconductors N.V. (NASDAQ:NXPI) is a Dutch semiconductor manufacturing and design company. On January 22, Susquehanna lowered the firm’s price target on NXP Semiconductors to $235 from $250 and kept a “Neutral” rating on the shares. The rating has been issued as part of a Q4 preview for the semiconductor group. According to the firm, there may be potential upside in certain segments such as data centers, PC, and mobile. However, the overall semiconductor market is uncertain and broad-based recovery “seems choppy”. This is because demand for semiconductor products is uncertain and companies are struggling with uneven inventory progress. Looking ahead, the firm said there are high expectations about broad-based businesses into Q1, stating that the stated risks will likely overshadow any modest upside in Q4.