Semtech today $66.57 +1.42 (+2.18%) (As of 10:58 a.m. ET) 52 week range $18.16 ▼ $70.27 Target price $68.70 Semtek company. NASDAQ: SMTS manufactures analog and mixed chips that provide optical data transmission, readout and advanced high-speed communications solutions. Its products are used in consumer electronics, infrastructure, industrial applications, data centers and Internet of Things … Read more
It may come as a surprise to some that, generally speaking, semiconductor stocks have underperformed in 2024. The PHLX Semiconductor Index, a widely used measure of semiconductor industry performance, has gained 21% this year. This is significantly less than the S&P 500’s total return of 28%. In addition, 36 of the 70 largest companies in … Read more
The artificial intelligence (AI) revolution and the recovery of cloud computing are driving the growth of data centers around the world. Existing data centers are furiously upgrading their systems to handle AI workloads, while new data centers are being built with AI deployment in mind. These AI data centers come online, prepared for AI workloads … Read more