Goldman Sachs initiated coverage on NXP Semiconductors N.V. (NXPI) stock with a “Buy” rating and a price target of $276.00, citing the company as a leading global player in automotive processors, particularly in China. They see potential for a cyclical recovery despite limited visibility in the automotive and industrial markets. NXP’s through-cycle margin expansion potential was highlighted, along with their acquisition of Kinara, Inc., a leader in high-performance neural processing units for AI applications. This acquisition will enhance NXP’s AI platform offerings, positioning them as a key player in the AI industry.

Read more at Yahoo Finance: Goldman Sachs Initiates Coverage on NXP Semiconductors N.V. (NXPI) Stock With Buy Rating