- We are upgrading AEM to BUY with a higher target price of S$1.67. We believe that AEM is at an inflexion point with new customers, and potential for the new fabless AI customer to grow into a key customer account, while Intel revenue should stabilise from 2H24 onwards.
At the cusp of a multi-year rollout in contributions from new customers.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Spotlight on new fabless AI customer…
- Read more at SGinvestors.io.