Infineon Can Benefit From AI Power Demand -- Market Talk
Dow Jones03-20 15:08
0708 GMT - Infineon is a major beneficiary of demand for power for AI, J.P. Morgan analysts say in a note. They raise their rating on the German company to overweight from neutral. Infineon, a maker of chips and tech for the green-power and automotive industries, is long established and unlikely to be disrupted by new competitors, JPM says. The worst of a decline in auto demand may be behind the company, the analysts say. JPM raises its target price on Infineon shares to 48 euros from 40 euros; shares last closed at 37.09 euros. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
March 20, 2026 03:08 ET (07:08 GMT)
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