1 Small Chip Stock to Consider for a New Era of AI
Silicon Motion Technology (NASDAQ: SIMO) is having a dramatic year. As if the nastiest consumer electronics downturn since the dot-com bubble weren't bad enough, it's also contending with legal issues after fellow chip designer MaxLinear (NASDAQ: MXL) pulled the rug out from under a merger between the two businesses this past summer. SiliconMotion is in litigation to recoup losses and get a merger termination fee from MaxLinear.
All the ups and downs aside, though, this tiny chip stock could be a big winner from a new era of AI-fueled computing. Here's what investors need to know.
As you may have heard, AI (specifically generative AI) is becoming a pretty big deal. Nvidia is selling billions of dollars' worth of AI computing systems every single quarter.
Source Fool.com
Maxlinear Inc. A Stock
We see a rather positive sentiment for Maxlinear Inc. A with 13 Buy predictions and 1 Sell predictions.
As a result the target price of 26 € shows a positive potential of 46.48% compared to the current price of 17.75 € for Maxlinear Inc. A.
