Stock Track | Semtech Plummets 5.5% on Lowered CopperEdge Revenue Outlook Tied to AI Market

Stock Track

Feb 12, 2025

Semtech Corporation (NASDAQ: SMTC), a leading provider of analog and mixed-signal semiconductors, experienced a significant 5.5% plummet in its stock price during pre-market trading on Wednesday. This decline was primarily driven by analysts at Stifel cutting their revenue forecast for the company's CopperEdge products, which are used in data center and artificial intelligence (AI) applications.

Semtech has been actively pursuing AI as a growth strategy, with its CopperEdge product integrated into Nvidia's Blackwell platform for AI applications. However, the company faced a setback as analysts lowered their price target from $75 to $70, citing the following factors:

Semtech forecasts that CopperEdge's revenue for the fiscal year 2026 will fall short of the previously anticipated $50 million minimum.
The company does not expect a surge in sales over the next 12 months due to modifications in rack architectures and feedback from a particular server rack customer.

Despite this setback, Semtech remains committed to its AI-driven growth strategy. The company's focus on developing cutting-edge semiconductors and algorithms positions it as a key player in the rapidly evolving AI market. However, the lower-than-expected CopperEdge revenue outlook has raised concerns among investors, contributing to the pre-market decline in the stock price.

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This decline was primarily driven by analysts at Stifel cutting their revenue forecast for the company's CopperEdge products, which are used in data center and artificial intelligence (AI) applications.</p>\n\n<p>Semtech has been actively pursuing AI as a growth strategy, with its CopperEdge product integrated into Nvidia's Blackwell platform for AI applications. However, the company faced a setback as analysts lowered their price target from $75 to $70, citing the following factors:</p>\n\n<ul>\n<li>Semtech forecasts that CopperEdge's revenue for the fiscal year 2026 will fall short of the previously anticipated $50 million minimum.</li>\n<li>The company does not expect a surge in sales over the next 12 months due to modifications in rack architectures and feedback from a particular server rack customer.</li>\n</ul>\n\n<p>Despite this setback, Semtech remains committed to its AI-driven growth strategy. 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