From Yahoo Finance: 2025-06-09 12:17:00

B.Riley increased its price target on Silicon Motion Technology Corporation (NASDAQ:SIMO) to $90 from $75 and maintained a Buy rating. They cited the expanded Nvidia Bluefield DPU win and upcoming Nintendo Switch 2 cycle as drivers for long-term gains. The company is projected to grow its market share to over 50% in the PCIe Gen5 PC and notebook market.

During Q1 2025 earnings call, Silicon Motion (NASDAQ:SIMO) highlighted its partnership with NVIDIA for MonTitan server boot storage qualification for BlueField-3 DPU. This collaboration will create new revenue opportunities starting later this year.

Silicon Motion (NASDAQ:SIMO) designs and sells NAND flash controllers and specialized SSDs for various applications, including computing, enterprise data centers, mobile devices, and industrial uses.

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Read more: B.Riley Raises Price Target on Silicon Motion (SIMO), Maintains Buy Rating