15 AI News Updates That Investors Are Watching

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12. Semtech Corporation (NASDAQ:SMTC)

Number of Hedge Fund Holders: 32

Semtech Corporation (NASDAQ:SMTC) develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. On November 26, Stifel raised the price target on the stock to $65 from $58 and kept a Buy rating on the shares after the company reported a solid fiscal Q3 beat and strong fiscal Q4 outlook. New Active Copper Cable, or ACC, Copper Edge product began its production ramp for NVIDIA Blackwell platform, while the company is seeing improving business trends in other segments, the advisory told investors.

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