Skyworks Solutions, Inc. (NASDAQ:SWKS) is one of the 10 Trending AI Stocks on News and Ratings. On July 2, Mizuho analyst Vijay Rakesh raised the price target on the stock to $75.00 from the previous target of $72.00, maintaining a “Neutral” rating.
According to the firm, the growing demand for artificial intelligence may drive phone memory content growth, with DRAM and SSD storage likely expanding from 12GB/512GB to 24GB/1TB configurations.
The firm also believes that the company may benefit from growth in the non-handset Broad Markets segment. In particular, WiFi 7 technology adoption and automotive market expansion may help counterbalance increasing competition from Chinese manufacturers.
Skyworks (NASDAQ:SWKS) develops and manufactures semiconductor products used across industries such as aerospace, automotive, telecommunications, and consumer electronics.
While we acknowledge the potential of SWKS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
