35 Chip Stocks Powering AI Boom

28. Lattice Semiconductor Corporation (NASDAQ:LSCC)

Number of Hedge Fund Holders: 28 

Lattice Semiconductor Corporation (NASDAQ:LSCC) makes and sells semiconductor products. The AI-related products of the company primarily focus on low-power Field-Programmable Gate Arrays (FPGAs) that enable advanced AI applications at the edge. For example, Lattice’s FPGAs are optimized for AI workloads in endpoint smart cameras and automotive vision systems, reducing power consumption and enhancing AI processing at the edge. In Q1 2024, the company projected quarterly revenues of $120 million to $140 million, with AI-related solutions being a growing focus in sectors like communications, automotive, and industrial applications​.

On November 15, Lattice Semiconductor Corporation (NASDAQ:LSCC) was positively covered on Wall Street. Raymond James analyst Srini Pajjuri recently upgraded the stock to Outperform from Market Perform with a $50 price target. In an investor note, the analyst noted that the cyclical correction was largely behind the company and expected upward earnings revisions to start in the next two quarters. The analyst added that Lattice’s Industrial and Auto segment declined 50% year-over-year in Q2, but a gradual recovery was expected on inventory normalization even if end demand was mixed.