Is tripling profits in a year still considered cheap? Bank of America holds a bullish view on Tower Semiconductor (TSEM.US): The real profit in AI comes from data "transportation" chips.

According to the Zhizhong Financial APP, Bank of America Securities has initiated coverage on Tower Semiconductor (TSEM.US), a leading semiconductor manufacturing and foundry based in Israel, rating it as "Buy" and setting a price target of $367.