10 Best Small Cap AI Stocks to Buy According to Analysts

8. Synaptics Incorporated (NASDAQ:SYNA)

Number of Hedge Fund Holders: 27

Market Capitalization as of July 16: $2.54 billion

Average Upside Potential as of July 16: 21. 21%

Synaptics Incorporated (NASDAQ:SYNA) is one of the best small cap AI stocks to buy according to analysts. Earlier in May, Synaptics announced a partnership with Murata Manufacturing to jointly develop a next-gen turnkey wireless connectivity module for automotive Tier 1 suppliers and Original Equipment Manufacturers/OEMs.

The collaboration will integrate Synaptics’ Veros Wi-Fi and Bluetooth combo Systems-on-Chips (SoCs), which feature highly integrated RF front-ends, into a module co-developed with Murata. Synaptics’ wireless SoCs are designed to optimize performance, minimize system design costs, and reduce power consumption.

Synaptics is using its Veros portfolio, which incorporates extensive expertise in IoT connectivity, to meet these requirements. The Veros portfolio for automotive applications includes the SYN4383 Wi-Fi 6E and SYN4384 Wi-Fi 7 products, which are pin-to-pin compatible and offer software upgradability.

Synaptics Incorporated (NASDAQ:SYNA) develops, markets, and sells semiconductor products worldwide and offers several wireless connectivity solutions, such as Wi-Fi and Bluetooth.