Alpha And Omega Semiconductor shares are trading higher after Apple analyst Ming-Chi Ku on X posted 'Alpha and Omega Semiconductor Ltd (AOSL) is poised to become a new GB200 supplier and one of the leading beneficiaries of Nvidia's certification process change'. Also, B. Riley Securities maintained a Buy rating on the stock and raised its price target from $35 to $40.
Portfolio Pulse from Benzinga Newsdesk
Alpha And Omega Semiconductor (AOSL) shares are trading higher following positive comments from Apple analyst Ming-Chi Ku and a Buy rating with a raised price target from B. Riley Securities.
June 20, 2024 | 3:33 pm
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Alpha And Omega Semiconductor (AOSL) shares are trading higher after Apple analyst Ming-Chi Ku highlighted its potential as a new GB200 supplier and a beneficiary of Nvidia's certification process change. Additionally, B. Riley Securities maintained a Buy rating and raised its price target from $35 to $40.
The positive comments from a reputable Apple analyst and the raised price target from B. Riley Securities are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100