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Investing.com - Deutsche Bank has raised its price target on Aixtron SE (ETR:AIXA) (OTC:AIXXF) to EUR16.00 from EUR15.00 while maintaining a Hold rating on the semiconductor equipment manufacturer.
The German company has established itself as a leading supplier of epitaxy equipment for wide-bandgap semiconductors and optoelectronics, according to Deutsche Bank’s analysis, though near-term growth prospects remain uncertain despite an intact long-term demand outlook.
Deutsche Bank notes that silicon carbide (SiC) capacity is currently oversupplied in both 6-inch and 8-inch formats, with 6-inch tools likely to be phased out due to the cost advantages of 8-inch production, while the next investment wave will likely be triggered by rising utilization as electric vehicle adoption accelerates.
The bank’s analysis indicates gallium nitride (GaN) has moved into broad commercialization, with the data center power architecture shift, specifically Nvidia Kyber, expected to unlock significant demand from 2027/28.
In the optoelectronics segment, Aixtron is benefiting from strong momentum in lasers for AI-driven data center communication, while micro LED applications remain a longer-term opportunity with uncertain timing, Deutsche Bank reports.
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