Top 10 Hot AI Stocks Dominating Headlines

8. Ceva Inc. (NASDAQ:CEVA)

Number of Hedge Fund Followers: 14

Ceva Inc. (NASDAQ:CEVA) offers wireless communications, Edge AI NPU IPs, and sensor fusion solutions to power billions of smart edge products like AI-based smartwatches, IoT devices, autonomous vehicles, and 5G mobile networks. These solutions enable efficient, safer, and reliable data inference and interconnectedness.

On February 27th, Ceva Inc. (NASDAQ:CEVA) announced the launch of its high-performance, baseband vector DSPs built on the Ceva-XC20 architecture, which comes with AI support for 8-bit neural networks. The DSPs will target 5G and 6G-ready applications and enable users to apply ML to optimize modern algorithm performance.

“Our latest vector DSPs represent a significant leap forward in performance and efficiency for advanced 5G and 6G applications. Building on the success of our industry-leading Ceva-XC4500, which has powered hundreds of millions of devices, these new DSPs offer a robust, future-proof platform to develop highly efficient next-generation modems and infrastructure ASICs.  With AI support and programmability, these DSPs not only improve modem performance but also enable advanced AI and ML workloads, ensuring optimal network performance and efficiency towards 6G.”

-said Guy Keshet, VP and GM of the Mobile Broadband Business Unit at Ceva Inc.