TD Cowen and Craig-Hallum both downgraded SkyWater Technology, Inc. (SKYT) to Hold after the company’s acquisition by IonQ. The deal values SKYT at $35 per share, or approximately $1.88 billion. SKYT is a U.S.-based semiconductor foundry providing services for chips across various markets. Consider other AI stocks for potential upside.

Read more at Yahoo Finance: TD Cowen Downgrades SkyWater Technology, Inc. (SKYT) to Hold After IonQ Deal