10 Latest AI News and Ratings on Investors’ Radar

6. Logitech International S.A. (NASDAQ:LOGI)

Number of Hedge Fund Holders: 18

Logitech International S.A. (NASDAQ:LOGI) designs and sells software-enabled hardware solutions for gaming, streaming, and productivity, including peripherals, accessories, and conferencing tools.

Logitech (NASDAQ:LOGI) reported Q4 non-GAAP EPS of $1.59, exceeding estimates by $0.23. Revenue reached $1.34 billion, reflecting a 7% increase from the previous year and surpassing expectations by $90 million. The company management said that AI is improving Logitech’s offerings, such as noise-canceling headsets and the Logitech Sight meeting room camera, which was recognized as one of Time’s top inventions of 2024. The company CEO, Hanneke Faber also noted:

“In a short amount of time, we have successfully integrated AI into the work and play flows of nearly all our key categories and there is much more to come. The developments in AI of just this last week position us even better as they provide more opportunities for Edge AI applications into our product development.”