In this article, we will discuss the 5 Best Up and Coming Semiconductor Stocks to Buy. For deeper discussion and analysis, read 8 Best Up and Coming Semiconductor Stocks to Buy.
5. Mobileye Global Inc. (NASDAQ:MBLY)
On April 14, Goldman Sachs lowered its price target on Mobileye Global Inc. (NASDAQ:MBLY) to $8 from $12 while maintaining a Neutral rating, citing softer near-term performance expectations across the automotive sector due to rising input costs and weaker vehicle demand in key markets such as China. The firm noted that while industrial technology companies remain resilient, automotive suppliers may face continued pressure.
The same day, UBS also lowered its price target on Mobileye Global Inc. (NASDAQ:MBLY) to $9 from $12 and kept a Neutral rating, highlighting limited upside potential and reliance on multiple expansion. While valuations have become more reasonable, the firm remains cautious about structural growth visibility, though it acknowledges that lowered expectations could create opportunities if performance stabilizes.
Mobileye Global Inc. (NASDAQ:MBLY) is a leading semiconductor and autonomous driving technology company specializing in computer vision and Advanced Driver-Assistance Systems (ADAS). Founded in 1999 and headquartered in Jerusalem, Israel, Mobileye went public twice, most recently in 2022 as a subsidiary of Intel. As autonomous driving adoption evolves, Mobileye remains a central player in automotive innovation, offering long-term growth potential tied to increasing vehicle automation.
4. IonQ, Inc. (NYSE:IONQ)
On April 14, IonQ, Inc. (NYSE:IONQ) achieved a major technical milestone by photonically interconnecting two independent trapped-ion quantum systems, marking the first demonstration of connected commercial quantum computers. This breakthrough validates the use of photonic links to enable quantum entanglement across systems, a critical step toward scaling quantum computing beyond single processors. Importantly, this advancement moves quantum computing closer to a distributed architecture, where multiple quantum systems can work together, significantly enhancing computational power and practical usability for real-world applications.
The same day, IonQ, Inc. (NYSE:IONQ) expanded its partnership with the University of Maryland through a multi-year agreement under the National Quantum Laboratory (QLab), supporting research in quantum networking, computing, and workforce development. The collaboration includes deployment of advanced quantum hardware, expanded system access for researchers, and joint development of next-generation quantum applications, reinforcing IonQ’s leadership position within the rapidly evolving quantum ecosystem.
Founded in 2015 and headquartered in College Park, Maryland, IonQ, Inc. (NYSE:IONQ) went public in 2021. The company is rapidly evolving into a vertically integrated quantum computing firm, particularly following its acquisition of SkyWater Technology’s foundry assets. By combining semiconductor manufacturing techniques with quantum innovation, IonQ is uniquely positioned to control both hardware and software layers of its technology stack. This vertical integration, coupled with first-mover advantages in trapped-ion systems—widely considered one of the most promising quantum architectures—positions IonQ as a high-upside investment. As governments and enterprises accelerate spending on quantum technologies, IonQ stands out as a pure-play leader with strong technological differentiation and long-term growth potential tied to the commercialization of quantum computing.
3. Rigetti Computing, Inc. (NASDAQ:RGTI)
On April 9, Rigetti Computing, Inc. (NASDAQ:RGTI) announced the general availability of its 108-qubit quantum computing system, Cepheus-1-108Q, now accessible via its Quantum Cloud Services platform and through Amazon Braket. This system represents a significant leap in scale and performance, utilizing a modular chiplet-based architecture that enables improved scalability—one of the most critical challenges in quantum computing. With high gate fidelity and faster processing speeds, the system demonstrates meaningful progress toward practical quantum advantage.
On April 7, Mizuho lowered its price target on Rigetti Computing, Inc. (NASDAQ:RGTI) to $33 from $43 but maintained an Outperform rating, emphasizing that despite near-term volatility and competitive pressures, the firm still sees over 100% upside potential. The analyst highlighted that quantum computing is entering the early stages of an inflection point, driven by increasing investment, technological breakthroughs, and growing enterprise interest.
Rigetti Computing, Inc. (NASDAQ:RGTI) is a full-stack quantum computing company that designs and manufactures its own superconducting quantum processors while delivering Quantum Computing as a Service (QCaaS) through its cloud platform. Founded in 2013 and headquartered in Berkeley, California, the company went public on March 2, 2022. Rigetti’s vertically integrated approach—spanning chip design, fabrication partnerships, and cloud delivery—gives it a strategic advantage in iterating rapidly and scaling its technology.
2. Arm Holdings plc (NASDAQ:ARM)
On April 8, Arm Holdings plc (NASDAQ:ARM) saw Goldman Sachs raise its price target to $125 from $110 while maintaining a Sell rating, noting strong fundamentals across the semiconductor ecosystem despite elevated expectations following the stock’s significant rally. The firm acknowledged that Arm is well-positioned within key growth markets, even as valuation concerns remain.
The day before, Morgan Stanley downgraded Arm Holdings plc (NASDAQ:ARM) to Equal Weight from Overweight and raised its price target to $150 from $135, describing the company’s transition into chip design and manufacturing as a structural evolution of its business model. While near-term risks such as end-market softness and execution challenges persist, the firm emphasized that Arm’s strategic positioning and early design wins remain strong.
Arm Holdings plc (NASDAQ:ARM) is a British semiconductor and software design company that licenses energy-efficient processor architectures powering over 99% of smartphones globally. Founded in 1990 and headquartered in Cambridge, UK, the company re-listed on Nasdaq on September 14, 2023. Arm’s business model is uniquely scalable, generating high-margin royalty revenue from a vast ecosystem of partners, including nearly every major semiconductor and technology company. As computing shifts toward AI, edge devices, and data centers, Arm’s architectures are becoming increasingly central due to their energy efficiency and performance advantages. Its expansion into custom silicon and broader chip solutions further enhances its long-term growth profile.
1. Navitas Semiconductor Corporation (NASDAQ:NVTS)
On April 15, Navitas Semiconductor Corporation (NASDAQ:NVTS) saw bullish options activity, with elevated call volumes and rising implied volatility ahead of its upcoming earnings report, signaling growing investor interest and expectations for potential upside catalysts. Increased options activity often reflects confidence in near-term developments, particularly in high-growth sectors such as power semiconductors.
On April 7, 2026, Navitas Semiconductor Corporation (NASDAQ:NVTS) expanded its board of directors, appointing industry veteran Gregory M. Fischer, whose appointment was publicly announced on April 13. Fischer brings over four decades of semiconductor leadership experience, including senior roles at Broadcom, and is expected to provide strategic guidance as Navitas scales its operations and product portfolio.
Navitas Semiconductor Corporation (NASDAQ:NVTS) is a leader in next-generation power semiconductors, focusing on gallium nitride (GaN) and silicon carbide (SiC) technologies that enable faster, more efficient power conversion. Founded in 2014 and headquartered in Torrance, California, the company went public in 2021. Its technologies are critical for high-growth applications, including electric vehicles, renewable energy systems, fast charging, and data centers. As global demand for energy efficiency intensifies and electrification trends accelerate, Navitas is positioned at the center of a multi-decade shift toward advanced power solutions.
While we acknowledge the potential of NVTS as the best up and coming semiconductor stocks to buy, 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 NVTS and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 13 Best Strong Buy AI Stocks to Invest In Now and 10 High-Flying AI Stocks to Buy.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
