10 Small Publicly Traded Semiconductor Companies To Buy

2. SMART Global Holdings, Inc. (NASDAQ:SGH)

Number of Hedge Fund Investors In Q1 2024: 23

SMART Global Holdings, Inc. (NASDAQ:SGH) is a semiconductor company whose primary line of business is selling memory products. The firm also LED chips to the display industry. SMART Global Holdings, Inc. (NASDAQ:SGH) also has a key stake in the AI infrastructure and high performance computing (HPC) industry through its Penguin Computing platform. The AI platform might be key for SMART Global Holdings, Inc. (NASDAQ:SGH)’s future, as the memory market is continuing to recover from 2023’s historic downturn. Penguin enables firms interested in setting up AI data centers to do so, and if the AI market grows as investors expect it to, then SMART Global Holdings, Inc. (NASDAQ:SGH) might see demand growth.

As was expected, SMART Global Holdings, Inc. (NASDAQ:SGH)’s management capitalized on the AI boom during its April 2024 earnings call as it opened the briefing by sharing:

We delivered solid financial results in the second quarter and continued to make great strides in our transformation into a provider of high-performance, high-availability solutions that enterprise customers need to deploy AI on-premise, at the edge and in the cloud. As one of the few players in the industry with decades-long experience in high-performance compute and specialty memory, SGH is uniquely positioned to help companies manage the complexity of AI implementation at scale. As a total solution provider, we offer our customers and partners innovative technology-agnostic hardware configurations, software that manages AI systems for maximum output and availability, and a professional services suite that enables our customers to achieve best-in-class performance and reliability.