Smtc stock forecast economic data impacting SMTC stock

Economic data impacting SMTC stock forecast includes declining raw material costs, which could improve profit margins. Sector ETF performance is reinforcing bullish projections for Q3 and Q Data centers have become the foundation of the digital economy, facilitating the storage, processing, and distribution of vast amounts of data that drive industries worldwide. According to McKinsey & Company, the global data center market is set for significant expansion through 2030, fueled by enterprise digital transformation and hyperscale cloud growth. Their analysis projects that global demand for data center capacity could grow annually by 19% to 22% between 2023 and 2030, ultimately reaching between 171 and 219 gigawatts (GW) of annual capacity (compared to 60 GW currently). As per McKinsey, at least double the data center capacity built since 2000 would have to be built in less than one-fourth of the time, to avoid a capacity shortfall. AMD earnings beat the Zacks Consensus Estimate in all the trailing four quarters, delivering an average surprise of 2.30%. SMTC earnings beat the Zacks Consensus Estimate in all the trailing four quarters, delivering an average surprise of 10.83%. The average surprise of SMTC is higher than that of AMD. Geopolitical developments affecting supply chain routes have been factored into the latest SMTC stock forecast, with minimal downside risk projected if trade stability continues.