5 Best Small-Cap Semiconductor Stocks to Buy Right Now

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​1. SkyWater Technology, Inc. (NASDAQ:SKYT)

Market Cap: $1.27 billion

Number of Hedge Fund Holders: 33

SkyWater Technology, Inc. (NASDAQ:SKYT) is one of the Best Small-Cap Semiconductor Stocks to Buy Right Now. SkyWater Technology, Inc. (NASDAQ:SKYT) has gained more than 89% over the past 6-months. The gains have been driven by the company’s strong revenue growth in fiscal 2025 and the pending merger with IonQ, expected to be closed in the second or third quarter of 2026.

​Last month, on May 8, the company announced that its shareholders approved the company’s merger agreement with IonQ, clearing a key milestone in the acquisition process. Final voting results will be filed with the SEC. Under the terms, SkyWater shareholders will receive $35.00 per share, comprising $15.00 in cash and a stock component tied to IonQ’s trading price within a defined collar range.

​According to a bullish thesis on the stock by The Mispricing Desk’s Substack, SKYT still trades at a small discount to the $35 mark. This reflects timing uncertainty around regulatory clearance and short-term volatility in IonQ’s share price, which affects the stock portion of the deal. Analysts view this as a structural and timing risk rather than any fundamental concern about the deal itself.

SkyWater Technology Inc. (NASDAQ:SKYT) is a U.S.-based semiconductor foundry specializing in advanced semiconductor development, manufacturing, and packaging services for integrated circuits. The company offers a unique, pure-play technology foundry model through its Technology-as-a-Service (TaaS) approach. SkyWater provides a range of services, including custom semiconductor design, fabrication, and packaging, serving sectors such as aerospace, defense, automotive, and industrial applications.

While we acknowledge the potential of SKYT 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 SKYT and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT:  10 Good Stocks to Invest in Now and 10 Most Undervalued US Stocks According to Hedge Funds. 

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