Infineon Technologies AG (IFNNY): Morgan Stanley is Bullish on This European AI Stock Now
Investors are increasingly turning their focus to European AI stocks, with Morgan Stanley highlighting the potential of Infineon Technologies AG (IFNNY) as a strong contender in the AI market. The European AI boom is gaining momentum, with experts drawing parallels to previous tech trends like the internet craze of the mid-1990s.
Morgan Stanley analysts have identified a group of European semiconductor companies as key players in the AI revolution, with a basket of these equities, including IFNNY, showing promising returns since the beginning of 2023. These companies, known as AI winners, have outperformed the broader European market, driven by growing demand for data center space and AI-related technologies.
IFNNY, a semiconductor company that designs and manufactures AI solutions, is poised for growth in the coming years. Despite challenges like geopolitical tensions and rapid industry innovation, IFNNY’s AI power business is expected to double its sales by next year to over €400 million. Analysts project strong EPS and revenue growth for the company, with a focus on developing digital tools that enhance resilience against external factors.
While IFNNY ranks 15th on Morgan Stanley’s list of European AI stocks, the company’s potential for delivering higher returns within a shorter timeframe is noted. Investors looking for a promising AI stock may consider exploring other options, but IFNNY remains a solid choice in the evolving AI landscape.
Overall, European AI stocks are drawing attention from investors looking to capitalize on the AI boom, with companies like IFNNY at the forefront of innovation and growth in the semiconductor industry.
(Source: Insider Monkey)
