Infineon stock hikes on guidance beat, demand from auto sector
The outlook differs from other makers of microchips for cars and for industrial use that have missed expectations, in some cases by a wide margin, Juergen Wagner, an analyst from Stifel said. "Infineon's report likely eased concerns about continued deterioration in automotive demand as it guided for flat-to-slightly up Automotive revenue in FY25," Charter Equity Research analyst Jack Egan said. "The Power & Sensor segment is also expected to be up significantly in FY25, most likely due to Infineon's (artificial intelligence) server products," the analyst added.
