European markets opened muted Wednesday as investors continue to assess inflation, interest rates and the global economy.
The 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.CNBC Pro: 'I believe in the sector': Investing in K-pop? Bernstein is a fan of this stock K-pop is a music phenomenon that stretches far beyond South Korea — and for investors wanting to cash in, there are just a few major agencies behind its more than 300 groups.
Bokyung Suh, director and senior research analyst at Bernstein, is bullish on one of them in particular and shares a key reason behind his outperform rating on the stock.
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