15 AI Stocks That are Making Headlines

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14. 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, Craig-Hallum raised the price target on the stock to $70 from $48 and kept a Buy rating on the shares. The advisory notes the company reported a beat and strong guide on data center strength, which was primarily driven by Fiber products. The advisory continues to think Semtech’s LPO TIA driver product could show strong interest from data centers with expected sales in late calendar 2025.

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