Pivotal Point Tracking Semtech (SMTC): Why the +91% Jump in the AI Segment Is Just the Beginning of a Massive Revaluation

Semtech develops high-performance semiconductors and signal integrity solutions and is considered a pioneer of the wireless technology LoRa for the Internet of Things. The company supplies key components for optical transmissions in data networks. After the market closed on August 25, Semtech significantly exceeded market expectations in the second quarter. Revenue increased by 33% year-over-year to a record value of $341.9 million. The main drivers were chips for AI data centers, whose revenues rose by 91% to $100 million. For the subsequent quarter,...