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Synaptics Incorporated (SYNA) Expands Veros™ Portfolio with Ultra-Low Power Wireless SoCs

We recently compiled a list of the 10 High Flying AI Stocks This Week. In this article, we are going to take a look at where Synaptics Incorporated (NASDAQ:SYNA) stands against the other AI stocks.

Celestial AI™, creator of the Photonic Fabric™ optical interconnect technology platform, recently announced that it has raised an additional $250 million in venture capital, bringing its total raised to date to $515 million. The AI startup is working hard to crack a key speed constraint in artificial intelligence. Recently, it has tapped photonics, a technology that uses light in order to create speedy links between AI computing chips and memory chips.

The Series C1 funding round was led by Fidelity Management & Research Company, with new investors including funds and accounts managed by BlackRock, Maverick Silicon, Tiger Global Management and Lip-Bu Tan, as well as participation from existing investors including AMD Ventures, and Koch Disruptive Technologies (KDT), to name a few.

READ ALSO: 10 AI Stocks Trending On Wall Street Right Now and 12 AI Stocks Making Headlines: Latest News and Ratings

The photonic-based technology Celestial AI uses improves memory bandwidth, a key factor in AI performance. Currently, Nvidia reigns supreme in memory bandwidth due to its proprietary technologies called NVLink and NVSwitch. However, Celestial AI, like several other chip firms, is striving to come up with alternatives.

Celestial AI is developing a technology that can sit like a bridge between two or more chips, leveraging a different kind of photonics technology than its competitors. According to Celestial AI CEO Dave Lazovsky, the goal of this “photonic fabric, is to offer speed while saving space and power.

“There are no good answers right outside of Nvidia. What we had created with the photonic fabric does the same thing, but at a different level of energy efficiency and of latency.”

– Celestial AI CEO Dave Lazovsky

The Photonic Fabric technology by Celestial AI is fully compatible with industry standard manufacturing and 2.5D packaging processes. Through this funding, the company will be able to expand and qualify its volume manufacturing supply-chain to serve customer demand.

“Celestial AI’s Photonic Fabric is fundamentally transforming AI computing, networking and memory solutions by addressing critical infrastructure challenges with unmatched performance and energy efficiency. I have witnessed the innovative potential of their technology to unlock new capabilities and as a member of the Board of Directors, am proud to be on the Celestial AI team as they commercialize their ground-breaking Photonic Fabric platform.”

-Diane Bryant, Independent Director at Celestial AI and Broadcom Inc.

For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points  (see more details here).

A technician inspecting a newly-manufactured semiconductor product.

Synaptics Incorporated (NASDAQ:SYNA)

Number of Hedge Fund Holders: 27

Synaptics Incorporated (NASDAQ:SYNA) is a global developer and fabless supplier of premium mixed-signal semiconductor solutions that enable interaction with connected devices and data. On March 10, the company revealed that it has extended its award-winning Veros™ Triple Combo connectivity portfolio with the SYN461x family, a set of ultra-low power (ULP) wireless system-on-chips (SoCs).

The chips support Wi-Fi® 2.4/5/6 GHz, Bluetooth® 6.0 and Bluetooth Low Energy (BLE), and IEEE 802.15.4 (Zigbee®/Thread®), enabling seamless connectivity for wearables, smart watches, audio speakers and headsets, home appliances, security cameras, asset trackers, and factory automation.

“The SYN461x family is a breakthrough addition to our Veros portfolio. The SoCs are our first in a series designed from the ground up for ULP embedded Edge AI IoT applications. We believe their low-power architecture, software support, and low-density packaging extend our broad-market reach and position us to share in a ~$3.2 billion1 market opportunity.”

-Vineet Ganju, VP of Wireless Product Marketing at Synaptics.

Overall SYNA ranks 10th on our list of the high flying AI stocks this week. While we acknowledge the potential of SYNA 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 SYNA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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:

A few years from now, you’ll wish you’d owned this stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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We alerted our subscribers, and BTI returned 90% in just 16 months.

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