IFX Infineon Technologies AG

UBS has published its ranking of semiconductor companies exposed to the AI data-center power market, highlighting four stocks with different valuations and price targets as the industry adapts to rising power requirements and cyclical demand patterns. The analysis focuses on companies involved in power management and semiconductor technologies critical to AI data-center infrastructure. Infineon is rated Neutral with a €64 price target, with UBS valuing the German chipmaker using a discounted cash-flow model. The bank highlights its exposure to semiconductor cycles, automotive production and the growing semiconductor content of hybrid and electric vehicles, while currency movements remain both a risk and potential benefit. Texas Instruments is rated Buy with a $380 target, based on an enterprise-value-to-free-cash-flow methodology. UBS acknowledges several headwinds, including rapid technological changes, intense competition. $IFX $TXN