Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Investing.com - Jefferies has initiated coverage on InnoScience (Suzhou) Technology (HK:2577) with a Buy rating and a price target of HK$54.34.
The research firm identified gallium nitride (GaN) as the most promising power semiconductor for consumer electronics, electric vehicles, new energy applications, and AI data centers.
InnoScience, according to Jefferies, holds a significant position as the world’s largest GaN integrated device manufacturer (IDM), which the firm considers the optimal business model for power semiconductors compared to the predominantly fabless approach of competitors.
Jefferies expects InnoScience to benefit from an estimated 16-fold growth in total addressable market (TAM) to 50 billion yuan by 2030.
China is projected to represent 50%-60% of end-use demand across consumer electronics, electric vehicles, and solar applications, according to the research firm’s analysis.
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