JPMorgan Upgrades SMIC to Neutral, Anticipates Revenue Growth
JPMorgan has upgraded SMIC to Neutral, raising its price target to HKD67 based on strong revenue guidance and selective price hikes, though consumer demand may weaken later this year.
This week in ai geopolitics
EU AI Act Expands Transparency Obligations for AI Systems
The EU AI Act introduces broad transparency requirements for AI interactions, affecting all organizations that deploy AI technologies.…
Significant Bullish Activity in SMIC with Block Trade of 69.5K Shares
A notable block trade of 69.5K shares of SMIC at $76.3 indicates growing investor optimism, marking a 2.763%…
Goldman Sachs Upgrades SMIC Target Amid AI Demand Surge
Goldman Sachs raises SMIC's target price to HKD135, driven by AI trends and ongoing capacity expansion, with a…
SMIC Secures Approval for Historic $6.4 Billion Acquisition of SMNC
China's SMIC has gained regulatory approval for a $6.4 billion acquisition of Semiconductor Manufacturing North China, enhancing its…
