Smtc stock forecast stability is supported by a consistent

SMTC stock forecast stability is supported by a consistent upward trend in EPS over the past four quarters. Analysts favor accumulation strategies during minor pullbacks. We recently published a list of 20 Best Data Center Stocks to Buy According to Billionaires . In this article, we are going to take a look at where Semtech Corporation (NASDAQ:SMTC) stands against other best data center stocks to buy according to billionaires. The stock’s renewed strength is anchored in Semtech’s growing exposure to AI data centers. Signal Integrity revenue, which includes its Linear Pluggable Optics (LPO) and CopperEdge active copper cable products, jumped 29% year-over-year to $76.8 million. Management confirmed that three hyperscalers—two in the U.S. and one in China—are already engaged with its LPO architecture. This technology eliminates traditional DSPs in optics, cutting power consumption and latency while enabling 800G and 1.6T bandwidth for AI/ML workloads. Revenue contributions from these design wins are expected to materialize in late 2026, with analysts projecting that LPO alone could scale into a multi-hundred-million-dollar revenue stream. In parallel, the CopperEdge platform targets shorter intra-rack connections, extending copper’s viability at lower cost and power compared to optics. Twenty customer engagements are in place, further validating demand. SMTC stock forecast shows moderate bullish momentum in early Q3 2024 trading, with analysts citing semiconductor sector resilience despite macroeconomic uncertainties. Current market price trends indicate potential upside if quarterly earnings outperform consensus estimates.