.September 23, 2024
2:04:26 AM

Analysts adjusted projections for major tech companies due to the rapid expansion of artificial intelligence (AI). SK Hynix faced a double downgrade due to weakened demand for memory chips, impacting AI-related data processing growth. On the other hand, Analog Devices (ADI) was named the top semiconductor pick, benefiting from increased AI adoption. Nvidia remains bullish, but growth may slow as AI chip demand levels off. AMD received a price target boost for its AI and data center chip offerings, positioning it as a strong competitor. Intel saw a downgrade amid AI competition, raising concerns about its ability to keep up with industry leaders. The semiconductor sector continues to shape global investment strategies, with AI driving both excitement and caution in the market. Investors should consider external sources for broader insights into AI’s impact on global markets.