Is FormFactor, Inc. (FORM) One of the Most Buzzing AI Semiconductor Stock to Buy?

FormFactor, Inc. (NASDAQ:FORM) is one of the most buzzing AI semiconductor stocks to buy in 2026. On May 12, analysts at Craig-Hallum upgraded FormFactor Inc. (NASDAQ:FORM) to a Buy from a Hold with a $175 price target.

Is FormFactor, Inc. (FORM) One of the Most Buzzing AI Semiconductor Stock to Buy?

The price target represents 35 times the company’s potential earnings of $5 per share on $1.6 billion in revenue. Additionally, the stock has delivered a return of over 250% over the past year.

The upgrade comes on the heels of the company’s first-quarter revenue growing sequentially and hitting a second consecutive all-time high. In addition, gross margin and earnings per share came above the high end of the outlook range.

Earnings per share totaled $0.56, better than the $0.44 expected, while revenue reached $226.1 million, better than the $203.84 million expected. The better-than-expected results came as FormFactor delivered record DRAM revenue on increased demand in HBM applications.

Additionally, FormFactor is benefiting from an increase in Foundry & Logic demand driven by growth in probe cards and networking applications.

FormFactor, Inc. (NASDAQ:FORM) is a leading provider of essential test and measurement technologies for the semiconductor industry. They design and manufacture critical hardware and software—such as wafer probe cards and analytical probe stations—that enable chipmakers to validate integrated circuits (ICs) and detect defects before packaging.

While we acknowledge the risk and potential of FORM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FORM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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