Venture Corp. Could Benefit From Rising Artificial-Intelligence Demand -- Market Talk

Dow Jones06-21

0309 GMT - Venture Corp. may benefit from rising demand for artificial intelligence, CGS International analyst William Tng says in a note. "With more AI-centric data centers, the demand for networking-related components/modules used in such data centers will increase, in our view," the analyst says. This would likely benefit the electronics-services provider, which supplies components/modules to global infrastructure technology company Broadcom, chipmaker Marvell Technology and mobile phone parts producer Lumentum Holdings, Tng adds. The brokerage maintains an add rating on the stock and a target price of S$15.93. Shares were last 0.9% higher at S$14.12. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

June 20, 2024 23:09 ET (03:09 GMT)

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Could Benefit From Rising Artificial-Intelligence Demand -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-21 11:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0309 GMT - Venture Corp. may benefit from rising demand for artificial intelligence, CGS International analyst William Tng says in a note. \"With more AI-centric data centers, the demand for networking...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1670710661.SGD","symbol_name":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2445142206","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445142206","pubTimestamp":1718939340,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0309 GMT - Venture Corp. may benefit from rising demand for artificial intelligence, CGS International analyst William Tng says in a note. \"With more AI-centric data centers, the demand for networking-related components/modules used in such data centers will increase, in our view,\" the analyst says. This would likely benefit the electronics-services provider, which supplies components/modules to global infrastructure technology company Broadcom, chipmaker Marvell Technology and mobile phone parts producer Lumentum Holdings, Tng adds. The brokerage maintains an add rating on the stock and a target price of S$15.93. Shares were last 0.9% higher at S$14.12. 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This would likely benefit the electronics-services provider, which supplies components/modules to global infrastructure technology company Broadcom, chipmaker Marvell Technology and mobile phone parts producer Lumentum Holdings, Tng adds. The brokerage maintains an add rating on the stock and a target price of S$15.93. Shares were last 0.9% higher at S$14.12. 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