Bank of America: Boosted by expanding storage chip capacity, Comet’s revenue and profit margin are expected to rise

Glonghui July 9 | Bank of America analysts stated that, benefiting from the expansion of storage chip manufacturing capacity, Comet Holding's sales are expected to grow rapidly by the end of 2028. Switzerland-based Comet produces components used for manufacturing storage chips. As various companies respond to AI-driven demand and build new storage chip factories, Comet will benefit due to its large capacity to handle new orders. Bank of America has raised its revenue and profit margin expectations for Comet through the end of 2028. Comet shares led the gains among STOXX Europe 600 constituents, rising nearly 12%.