Shares of a British chip designer are set to soar by over 100% over the next 12 months, according to JefferiesThe investment bank believes the company is designing chips for American Big Tech firms, which is expected to increase its profit margins.
The chip stock is also seen as "one of the key potential beneficiaries" of the growing trend in artificial intelligence applications.
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— Ganesh Rao
Persons:
— Ganesh Rao
Organizations:
American Big Tech, CNBC
Locations:
British