Coatue’s 35 Most Important AI Stocks

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34. Semtech Corporation (NASDAQ:SMTC)

Number of Hedge Fund Holders: 32

Semtech Corporation (NASDAQ:SMTC) develops, manufactures, and markets analog and mixed-signal semiconductors and advanced algorithms. In the third quarter of fiscal year 2025, the company reported net sales of $236.8 million, marking a 10% sequential increase. Notably, data center sales reached a record $43.1 million, up 58% from the previous quarter. This surge in data center revenue is closely linked to the growing demand for AI applications, which require advanced semiconductor solutions. Semtech’s products, such as its CopperEdge and FiberEdge lines, are designed to provide high-speed, low-latency data transmission essential for AI workloads. The company’s partnership with NVIDIA further enhances its position in the AI market, enabling the development of innovative solutions for AI networking and data center applications.

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