Camtek just upgraded at B. Riley, here’s why

B. Riley upgraded Camtek to Buy from Neutral with a price target of $75, up from $70. The analyst says signs of PCs getting better, traditional servers bottoming in Q1 of 2024, and artificial intelligence order growth could reverse three years of “massive” semiconductor supply chain inventory gains. Camtek’s chip upgrades and refreshes can further lift orders and the shares in 2024, the analyst tells investors in a research note.