Semtech (NASDAQ:SMTC) shares climbed 8.92% to $75.08 as of 11:59 AM ET on Friday after UBS initiated coverage with a Buy rating, citing the company’s expanding role in AI data centers and a critical product win in Nvidia’s ( NVDA) Blackwell platform. Analyst Timothy Arcuri highlighted Semtech’s CopperEdge CTLE, a key networking component in Nvidia’s AI infrastructure.
The product offers lower cost and power consumption compared to digital alternatives, positioning Semtech as a major…
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