SMBC Nikko raises Advantest price target, backs AI core stock

Advantest operates in semiconductor testing, an infrastructure segment that benefits directly from the expansion of AI chip production. As AI adoption accelerates across industries, chipmakers require sophisticated testing equipment to ensure quality and performance of their products. SMBC Nikko's renewed confidence in the stock, expressed through a price target increase and continued designation as a core AI holding, reflects the analyst firm's view that Advantest stands to benefit from sustained AI-driven demand in the semiconductor supply chain.