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Fly News Breaks for October 3, 2018
XLNX
Oct 3, 2018 | 09:40 EDT
BMO Capital analyst Ambrish Srivastava raised his price target on Xilinx to $90 and kept his Outperform rating following the company's second developer forum, citing its efforts in expanding its user base while also "getting deeper" in its applications around artificial intelligence and machine learning. The analyst further notes "gratifying" acceleration benchmarks from the company's major customers, adding that its "seat at the AI inferencing table" is starting to look more "real".
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