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Tower Semiconductor Ltd. (NASDAQ:TSEM) is one of the 10 Stocks Gaining Momentum Fast.

Tower Semiconductor managed to eke out a 31.2 percent gain week-on-week, despite ending Friday’s session in the red, as investors took path from its ongoing expansion program in line with its target to tap the $80 billion AI infrastructure market.

Last week saw the company touch a 25-year high of $178.08—a level it last touched in 2001.

Photo from Tower Semiconductor website

In a statement, Tower Semiconductor Ltd. (NASDAQ:TSEM) said that it partnered with Oriole Networks to deliver ultra-low, deterministic-latency networking for scale-up and scale-out AI architectures, built on Tower’s mature silicon photonics platform.

“As AI models continue to scale, requiring increasingly large clusters of processors, achieving high-radix networks with massive bandwidth and low latency becomes increasingly challenging. Leveraging Tower’s advanced silicon photonics platform, Oriole’s edge-switching architecture enables nanosecond optical circuit switching and a passive network core designed to deliver low and predictable tail latency with improved resiliency,” they said.

Ed Preisler, general manager of Tower Semiconductor Ltd.’s (NASDAQ:TSEM) RF Business Unit, said that the company’s partnership with Oriole “is a key step toward bringing AI back-end networking to market that can scale clusters and break through today’s latency wall.”

Also last week, Tower Semiconductor Ltd. (NASDAQ:TSEM) unveiled its latest generation BCD technology designed to address the rapidly increasing power demands of AI data centers as well as advanced mobile PMIC and charger applications.

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