From Nasdaq: 2024-04-13 14:33:17

The AI revolution is led by giants like Microsoft, Amazon, Google, Meta Platforms, and Nvidia, but Semtech emerges as a hidden gem, with shares soaring ahead of earnings release. Valued at $2.26 billion, SMTC’s stock is a standout performer, outperforming the S&P 500 and drawing bullish analyst attention. Semtech surpasses revenue forecasts and eyes IoT and 5G opportunities for growth, leading analysts to predict a 19.9% upside potential, with one analyst setting a price target of $40. With profitability in sight, Semtech is positioned as a strong player in the AI and semiconductor space.



Read more at Nasdaq: 1 Semiconductor Stock That’s a ‘Hidden AI Gem,’ According to Analysts