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Magnachip (MX) Powers Up With Power IC and Power Analog Solutions

Magnachip Semiconductor Corporation (NYSE:MX) is one of the 11 Best Semiconductor Penny Stocks to Buy According to Hedge Funds. On May 12, Magnachip Semiconductor Corporation (NYSE:MX) shared its results for the first quarter of 2025.

The company reported its fourth quarter in a row with year-over-year growth from continuing operations. This performance was driven by strong design wins and momentum in Power Analog Solutions (PAS) and Power IC (PIC).

A technician using a microscope to inspect a complex semiconductor structure.

In the first quarter alone, Magnachip Semiconductor Corporation (NYSE:MX) released 27 new-generation PAS products. These products are fully qualified and are ready for commercial sampling. The company secured new design wins that span the Industrial, Automotive, Consumer, and Communication markets.

Magnachip Semiconductor Corporation (NYSE:MX) has plans to introduce over 40 new-generation PAS products in 2025, and about 55 more in 2026. Through these new products, the company expects to open new revenue opportunities and drive higher gross margins over time.

In Q1 2025, the company’s Power IC (PIC) business grew by 44.1% year-over-year. This growth was driven by strong performance in its TV-LED and OLED power IC products.

Looking ahead, Magnachip Semiconductor Corporation (NYSE:MX) remains cautious about geopolitical and macroeconomic uncertainties. However, the company forecasts both its PAS and PIC businesses to deliver sequential and year-over-year growth in the second quarter.

Magnachip Semiconductor Corporation (NYSE:MX) designs and manufactures analog and mixed-signal power semiconductor platform solutions for a range of applications, including industrial, automotive, communication, consumer, and computing.

While we acknowledge the potential of MX as an investment, 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 MX and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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