Renesas jumps as Morningstar raises valuation 43%, citing AI data center demand

Renesas Electronics shares rose 3% following its capital markets day on June 25, 2026.

The event focused on the company's expanding role within the artificial intelligence infrastructure sector.

Morningstar raised its fair value estimate for the company by 43% after the presentation.

Analysts cited increasing demand for power management solutions in AI data centers as a primary growth driver.