Diodes rises after BofA starts coverage with Buy rating
06/10/2026 13:15
BUZZ-Diodes rises after BofA starts coverage with Buy rating ** Shares of semiconductor products maker Diodes DIOD.O rise 3.38% to $107.64 premarket
** BofA initiates coverage on DIOD with a "buy" rating, $135 PT — implying ~30% upside to last close
** Says DIOD well-positioned to gain market share in automotive, industrial and AI data-center semiconductor markets
** Rising semiconductor content in vehicles and growing AI infrastructure demand provide long-term growth tailwinds
** Brokerage sees AI data-center revenue, currently about 12% of sales, as having potential to triple by 2030
** As of last close co stock more than doubled YTD
(Reporting by Darshan Kumar in Bengaluru)
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