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RBC Capital Initiates Silicon Laboratories (SLAB), Waits for New Wi-Fi Tech to Gain Traction

Silicon Laboratories Inc. (NASDAQ:SLAB) is one of the best mid-cap growth stocks to buy right now. On January 15, RBC Capital initiated coverage of Silicon Labs with a Sector Perform rating and $160 price target. The company is starting to see the benefits of a healthier market as old stock finally clears out of the supply chain. Despite this positive trend, the firm isn’t ready to recommend buying the stock yet and wants to wait and see if the company’s new Wi-Fi tech actually takes off first.

Earlier on December 18, MOKOSMART and Silicon Laboratories Inc. (NASDAQ:SLAB) announced a partnership to address critical visibility gaps in the global cold chain. This collaboration focuses on the launch of two high-precision Bluetooth beacons: the M4 Pro and the S05T temperature loggers. The initiative comes as the global cold chain market is projected to grow from $228.30 billion in 2024 to $372 billion by 2029, sustaining a CAGR of 10.30%.

The partnership uses a synergy between MOKOSMART’s rugged hardware design and Silicon Labs’ wireless precision. Both sensors are powered by the BG22 System-on-Chip, which uses a high-performance ARM Cortex-M33 core. This allows for a compact form factor while delivering industry-leading energy efficiency. For example, the S05T is a disposable, soft-foam logger featuring a 220mAh non-replaceable battery with a lifespan of up to 2 years under default settings, while the M4 Pro provides a replaceable battery option that can last up to 4 years in presence monitoring mode.

Silicon Laboratories Inc. (NASDAQ:SLAB) is a fabless semiconductor company that provides analog-intensive mixed-signal solutions in the US, China, Taiwan, and internationally.

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

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

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

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

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

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • 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.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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