AI Stocks Dominate Friday’s Top 10 Performers

4. Semtech Corp. (NASDAQ:SMTC)

Semtech saw its share prices rally as high as 21.6 percent at intra-day trading before a slight pullback occurred to end the day just up by 21.06 percent at $39.6 apiece, as investors reacted positively to its impressive earnings performance in the fourth quarter of fiscal year 2025.

In its latest earnings release, SMTC said it swung to a net income attributable to shareholders of $39.1 million from a $642.4-million net loss in the same period a year earlier, as net sales grew by 30 percent to $251 million from $192.9 million year-on-year.

Meanwhile, SMTC narrowed its net loss by 85 percent to $161.9 million last year from $1.09 billion in full-year 2024, as net sales grew 4.6 percent to $909.3 million from $868.8 million.

“Fiscal year 2025 represented a year of positive inflection on many fronts, with sequential improvement for each quarter reported in net sales, gross margin, operating margin, and earnings per share,” said Hong Hou, Semtech’s president and chief executive officer. “In the new fiscal year, we are intently focusing on three core priorities to position Semtech for future success: portfolio optimization and simplification, strategic investment in research and development, and driving margin expansion, all which we believe will deliver greater value to our shareholders.”