Electronic parts firms enjoy rosy outlook on AI supercycle
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Electronic parts makers are emerging as key beneficiaries of the chip supercycle driven by a global surge in artificial intelligence (AI), with Samsung Electro-Mechanics and LG Innotek presenting an upbeat outlook after posting solid first-quarter earnings. On Monday, IBK Securities, Eugene Investment and Meritz Securities raised their target price for Samsung Electro-Mechanics to 1.05 million won ($713), 1.03 million and 1.02 million won, respectively, each setting target prices above 1 million
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