Top 9 Game-Changing Stocks for AI Revolution

4. SiTime Corporation (NASDAQ:SITM)

Number of Hedge Fund Holders: 18

SiTime Corporation (NASDAQ:SITM) is a semiconductor company that designs, develops, and sells silicon timing systems solutions. On February 6th, analysts at Needham reiterated their Buy rating on the stock and raised the price target to $250 from $225. The bullish rating comes on the company delivering solid financial results and providing an optimistic forecast for the year that underscores underlying growth.

Net revenue in fiscal year 2024 was up 41% to $202.7 million. The increase came as SiTime Corporation (NASDAQ:SITM) enjoyed growth of over 30% across all its customer segments. Communications, Enterprise, and Datacenter businesses registered significant gains due to the critical role of precision timing in AI. The company is pursuing growth opportunities amid the artificial intelligence boom. It has already unveiled SiT5977 Super-TCXO, a timing solution capable of delivering resilient performance in AI compute nodes. Last year, it unveiled a chip designed to help data centres built for artificial intelligence run more efficiently.