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Hype in the field of artificial intelligence may cause semiconductor manufacturers to raise their expectations for this year, Jinshi reported on July 21. Investors will be watching for signs of continued momentum in artificial intelligence, analysts at Oppenheimer wrote in a research note ahead of the semiconductor company's quarterly earnings. Given the importance of computing power to generative AI, semiconductor makers are expected to raise their revenue forecasts for the rest of the year, despite a 23% year-over-year drop in semiconductor revenue in May.

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