BlackRock’s 30 Most Important AI Stocks Right Now

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22. Entegris Inc. (NASDAQ:ENTG)

Weight in ARTY ETF: 1.19%

Number of Hedge Fund Holders: 47

Entegris Inc. (NASDAQ:ENTG) is one of BlackRock’s 30 most important AI stocks right now.

On July 1, John Roberts from Mizuho increased the firm’s target price on Entegris Inc. (NASDAQ:ENTG) from $180 to $200, and maintained an Outperform rating on the stock. Roberts’ price target adjustment is notable, as Mizuho had been decreasing price targets for the majority of the basic chemical stocks under its coverage. Roberts noted that a recent dip in oil futures has lowered the expectations regarding natural gas advantages for numerous basic chemicals.

On the other hand, the firm increased price targets for four tech materials stocks during its second-quarter results preview. Roberts highlighted that the ongoing downstream investments in advanced computing should prolong the technology materials’ ongoing strength.

Back on May 26, Entegris Inc. (NASDAQ:ENTG) and JSR Corporation entered into a cross-licensing non-exclusive alliance, with the goal of assisting the semiconductor industry in advancing extreme ultraviolet lithography for the next-gen chip production.

The company’s SVP Chief Strategy & Innovation Officer, Olivier Blachier, highlighted how features such as performance, materials innovation, reliability, and purity of the material become more closely linked as the industry advances towards the smaller nodes. He also noted that such cross-licensing offers a higher level of confidence to customers in adapting advanced lithography. This truly reflects on broader level advancements across the semiconductor ecosystem.

Entegris Inc. (NASDAQ:ENTG) supplies highly refined materials and solutions for high-tech sectors and the semiconductor industry. Its product range consists of materials-based solutions and solutions for semiconductors, filtration, purification, and contamination control.

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