Analysts

Comcast Advanced Micro Devices T-Mobile US ASML Applied Materials Intel Datadog Broadcom Lam Research

Analysts Morgan Stanley raised target prices for Lam Research (LRCX), Applied Materials (AMAT), and KLA Corporation (KL) in premarket trading

Premarket trading saw significant movements in several key stocks, particularly in the semiconductor sector, indicating a potential recovery after recent declines and shifts in analyst ratings.

Analysts Macquarie recommend buying Cambricon (688256) with a price target of 2,060 yuan ($303.43) as the best investment in Chinese AI chip stocks

Macquarie analysts believe that now is an opportune time to invest in Chinese AI chip companies, driven by government support and the growth of domestic AI technologies. They have identified specific companies with strong potential for growth, including Cambricon and Biren Tech.