10 AI News Updates Trending on Wall Street

6. Maxlinear Inc (NASDAQ:MXL)

Number of Hedge Fund Holders: 18

MaxLinear Inc. (NASDAQ:MXL) is a leading semiconductor firm that designs and builds highly integrated radio-frequency, analog, and mixed-signal chips to enable multi-gig connectivity in broadband communications applications, wired and wireless infrastructure, data centers, and connected home devices. The company’s scalable MaxAI framework uses AI and ML to improve Wi-Fi security and network performance for multi-user applications like gaming, XR, and video conferencing.

On January 30th, Roth MKM increased MaxLinear Inc.’s (NASDAQ:MXL) target price to $21 from $18 and maintained a “Neutral” stock rating. Analysts said the company posted and guided revenue above consensus at the midpoint, implying continued revenue stability and benefit from the optical demand tailwind. The brokerage added that the company could return to profitability in mid-2025 as its optical unit is positioned to grow steadily this year, representing a strong year-over-year unit increase, while non-optical divisions could improve in the intermediate term.