11 AI News Updates on Wall Street’s Radar

2. Semtech Corp (NASDAQ:SMTC)

Number of Hedge Fund Holders: 57

Semtech Corp (NASDAQ:SMTC) is a technology company that specializes in semiconductors, Internet of Things systems, and cloud connectivity service solutions. The company announced the expansion of its broad optical communications portfolio on March 31 to include solutions across multiple generations of data center connectivity.

The new solutions are designed to address requirements for high speed, processing power and data throughput in machine learning and artificial intelligence clusters. Consequently, they should accelerate the shift to higher bandwidth density while enabling future 800G and 1.6T modules.

“Our 200G and 400G per channel innovations represent critical building blocks that enable the next generation of data center fabric. As AI models continue to grow exponentially in size and complexity, these architectural advances will help hyperscalers build the infrastructure foundation needed for tomorrow’s AI workloads while managing their data center power envelope,” said Amit Thakar, vice president of signal integrity product marketing at Semtech.