Jul. 16 at 6:16 PM
$AIP picked up a new bullish call as Oppenheimer initiated coverage with an Outperform rating and a
$40 price target.
The firm expects growing demand for AI-driven interconnect IP to support licensing growth while Arteris continues gaining share from companies that previously relied on internally developed network-on-chip (NoC) solutions.
As AI chip complexity increases, efficient on-chip connectivity is becoming more valuable. The key for Arteris will be converting that industry trend into sustained licensing growth and long-term customer expansion.
