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Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. Microsoft (NASDAQ:MSFT) remains “the best way to play AI in our coverage,” Truist Securities analysts said in a note released this week. “We believe that many of the key themes that are driving the business under the hood at Microsoft are indicative of the major currents in both our infrastructure and security coverage,” the firm states.
Rosenblatt analysts reiterated a Buy rating on Adeia Inc. in a research note Thursday, with a price target of $15 per share. They called it "the most undervalued AI play in the market."
SAN JOSE, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Today, Adeia Inc. (Nasdaq: ADEA), a leading R&D and intellectual property (IP) licensing company known for bringing leading innovations in the semiconductor and media/entertainment technology sectors to market, announced recent developments in hybrid bonding a technology targeted toward the future of semiconductor packaging enabling high-performance computing capabilities, like those required for AI. The company has experienced encouraging cont