Reported 1 day ago
Cirrus Logic, a key supplier for Apple, has seen its stock surge 23% recently due to tariff relief affecting its biggest client. With the rise of AI-enabled devices, Cirrus Logic's revenue and earnings are expected to grow significantly, possibly exceeding analyst expectations. The company's attractive valuation at under 18 times trailing earnings further adds to its appeal for investors, projecting a potential doubling of its stock price.
Source: YAHOO