How do you justify an investment in an expensive-looking stock? By setting it against “peers” that look even more expensive, like Tesla. Such comparisons, together with takeover rumors, could keep electric-vehicle supplier Infineon’s stock buoyant for some time.
A spinoff of German industrial giant Siemens, Infineon makes microchips for all manner of industrial applications, but the one that has caught investors’ imagination is the electric, self-driving car. Little wonder: Revenues from these nascent automotive technologies…