#2 - QuickLogic (NASDAQ:QUIK)
Artificial intelligence is driving a super cycle in the chip sector. QuickLogic Corporation (NASDAQ: QUIK) is a fabless chipmaker. That means the company designs and markets semiconductors and owns its intellectual property. But since it's a fabless company, it doesn't fabricate (i.e., fab) them.
QuickLogic has seen a sharp spike in revenue largely fueled by unprecedented demand for chips to handle AI applications. In its most recent quarter, the company posted positive earnings. And the company is projecting a full year of positive earnings.
QUIK stock up 116% in the last 12 months. So, it's logical to wonder if it can move any higher. And the company is not widely covered by analysts. However, here's something to consider. QuickLogic is mainly known for designing chips for industrial and defense applications. That niche is likely to grow due to demand from aerospace and defense contractors. The company also has a history of beating analysts' expectations.
About QuickLogic
QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.
Read More - Current Price
- $11.82
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $14.50 (22.7% Upside)
