Tower Semiconductor (TSEM) Enters Into a Development Agreement With Lightwave Logic

Tower Semiconductor Ltd. (NASDAQ:TSEM) is one of the 15 AI stocks that are quietly making investors rich.

As of the March 11 closing, consensus sentiment for Tower Semiconductor Ltd. (NASDAQ:TSEM) remained moderately bullish. The stock received coverage from 6 analysts, 4 of whom assigned Buy ratings and 2 of whom gave Hold ratings. With no Sell rating, it has a projected median 1-year price target of $157.79. This results in an upside potential of more than 32% at the prevailing level.

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On March 12, Lightwave Logic (LWLG) announced a development agreement with Tower Semiconductor Ltd. (NASDAQ:TSEM) to facilitate optical modulators on Tower’s PH18 silicon photonics platform using Lightwave Logic’s EO polymer modulator technology. The two companies will work together to incorporate Lightwave Logic’s compact and power-efficient modulator designs at 110GHz and beyond into Tower’s PH18 silicon photonics process design kit.

Back on February 12, Susquehanna increased the firm’s price target on Tower Semiconductor Ltd. (NASDAQ:TSEM) from $135 to $180, which results in a revised upside potential of almost 51% at the current level. The firm also maintained its Positive rating on the stock.

Susquehanna adjusted its estimates to better account for recent quarterly performance and the company’s improved forward outlook. This target increase reflects confidence in Tower’s ongoing capacity expansion efforts and updated long-term revenue and margin objectives.

Tower Semiconductor Ltd. (NASDAQ:TSEM) operates as an independent foundry, delivering specialized technology and process platforms for integrated circuits. The firm provides customizable solutions across SiGe, SiPho, power management, and sensor technologies. Serving sectors from automotive to aerospace, it offers design enablement and manufacturing services to both fabless companies and integrated manufacturers.

While we acknowledge the risk and potential of TSEM 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 TSEM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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