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This company soared as a ‘Trump trade.’ Now it’s set for an AI boost, say analysts. - MarketWatch

1. Phunware's AI pivot presents strong growth potential, says analyst Edward Woo. 2. Ascendiant retains Phunware's buy rating but lowers price target to $12. 3. Phunware plans to launch AI platforms for hospitality by mid-2025. 4. Taglich Brothers sees long-term growth potential, cutting price target to $5.75. 5. Phunware shares down 51.7% in 2025, outperforming other Trump trades.

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FAQ

Why Bullish?

Phunware's strategic pivot towards AI aligns with market trends, promising future growth, despite recent stock decline.

How important is it?

The article discusses Phunware's market positioning and future ventures, directly influencing investor sentiment.

Why Long Term?

As Phunware develops AI applications, growth potential may materialize over the next few years, similar to AI firms in previous cycles.

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