10 AI Stocks on Latest News and Ratings

8. Semtech Corporation (NASDAQ:SMTC)

Number of Hedge Fund Holders: 32

Semtech Corporation (NASDAQ:SMTC) designs and markets analog and mixed-signal semiconductors, IoT solutions, and advanced algorithms. On January 29, Benchmark Co. analyst Cody Acree reiterated a “Buy” rating on Semtech and set a price target of $82.00. The buy rating is largely on the back of Semtech’s key product win in Nvidia’s Blackwell platform. Semtech’s CopperEdge CTLE, a key networking component in Nvidia’s AI infrastructure, is the key product that has won it a buy rating. This product costs less and utilizes less power compared to other alternatives, positioning SemTech as a major beneficiary of the AI boom. UBS also initiated a Buy rating on the stock on January 17, stating how the CopperEdge CTLE is a cost-effective solution for reducing noise in AI data center networking.