Infineon Technologies experienced a significant increase in its share price, with a rise of 4.2 percent to 32.31 euros. This made it the second-best performer in the DAX index, which saw a gain of 0.4 percent.

Bouyed by a positive assessment from UBS analyst Francois-Xavier Bouvignies, Infineon's share price received a boost. Bouvignies designated Infineon as his top pick for the year, citing the company's potential to benefit from advancements in artificial intelligence, the ramp-up of silicon carbide chip production for new clients, and favorable exchange rate effects. Bouvignies maintains a "buy" rating on Infineon shares, with a price target of 41 euros.

Currently, the stock price is testing the 21-day moving average, which is trending upward. However, analysts caution that the price may encounter resistance in the range of 33 to 34 euros, where it has previously faced downward pressure multiple times in December.