Citi placed an “upside 30-day catalyst watch” on MKS Inc. (MKSI) ahead October’s Semicon West equipment show, which the firm thinks will be a positive catalyst for the wafer fab equipment group. The inference-led demand inflection from artificial intelligence will drive spending higher in all end markets, especially memory, the analyst tells investors in a research note. Citi has a Buy rating on MKS shares.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MKSI: