10 Best Semiconductor Stocks to Buy Under $30

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6. Atomera Incorporated (NASDAQ:ATOM)

Stock Price: $8.80

Number of Hedge Fund Holders: 6

Atomera Incorporated (NASDAQ:ATOM) is one of the Best Semiconductor Stocks to Buy Under $30. On May 5, the company released its Q1 2026 results. Atomera Incorporated (NASDAQ:ATOM) made progress towards the adoption of MST by GAA manufacturers, and also expanded its offerings in GaN beyond power applications to RF. It believes that it will significantly grow its TAM and offer highly differentiated device performance on larger-diameter wafers.

Atomera Incorporated (NASDAQ:ATOM) expressed optimism about closing on a $25 million equity raise, bringing the cash, cash equivalents, and short-term investments to more than $41 million. As a result of this additional capital, the company is in a robust position to enable customers to bring MST-enabled products to market.

Revenue for Q1 2026 and Q1 2025 was ~$11,000 and $4,000, respectively. The company’s Q1 2026 revenue consisted of engineering services revenue from the delivery of MST wafers.

Atomera Incorporated (NASDAQ:ATOM) is a semiconductor materials and technology licensing company. It focuses on deploying its proprietary, silicon-proven technology into the semiconductor industry.

While we acknowledge the potential of ATOM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ATOM and that has 100x upside potential, check out our report about the cheapest AI stock.

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