Reported 9 months ago
Cirrus Logic's stock has soared by 48% in 2024, largely attributed to positive market sentiment on the chipmaker's future. With a significant dependence on Apple for revenue, Cirrus Logic's growth prospects are closely tied to Apple's advancements in artificial intelligence (AI). As Apple is expected to introduce AI features in its upcoming products, including the iPhone 15 Pro series, analysts are optimistic about Cirrus Logic's potential for continued growth and stock appreciation.
Source: YAHOO