This Semiconductor Stock Has Jumped 48% in 2024, and Artificial Intelligence (AI) Could Help It Soar Further
CRUSCirrus Logic(CRUS) The Motley Fool·2024-06-28 16:15

A turnaround in the fortunes of its largest customer could help this chipmaker deliver more upside.Share prices of Cirrus Logic (CRUS -0.04%) have been in fine form so far in 2024, clocking gains of 48% as Wall Street turns bullish on the chipmaker's prospects. The market is excited about a turnaround in the smartphone market, its solid quarterly results, and a potential improvement in the fortunes of its largest customer -- Apple (AAPL 0.40%).After all, Cirrus is highly reliant on Apple for a major chunk o ...