AI-Driven Growth for Sumitomo Bakelite's Encapsulants not Fully Priced In
Dow Jones
Yesterday
0607 GMT - Artificial-intelligence-driven growth for Sumitomo Bakelite's encapsulants--used to protect semiconductors--isn't fully priced in, SMBC Nikko Securities analysts say in a research report. Markets have yet to completely factor in ramp-up in the company's encapsulant shipment volumes related to next-generation graphics processing units and higher average selling prices from an improving product mix, the analysts say. AI data centers and physical AI are expected to be key growth drivers for the Japanese semiconductor materials manufacturer's encapsulants. The brokerage upgrades the stock's rating to outperform from neutral and raises the target price to 10,200 yen from Y7,100. Shares are 2.1% higher at Y7,667.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.