tech

December 28, 2025

An intriguing AI play is emerging as the new year approaches, according to Wells Fargo

This chip supplier is trading at attractive risk-reward levels heading into 2026, Wells Fargo analyst Joe Quatrochi said.

An intriguing AI play is emerging as the new year approaches, according to Wells Fargo

TL;DR

  • Wells Fargo initiated Synaptics with an overweight rating and a $95 price target.
  • Synaptics is transitioning from a mobile/PC chip supplier to an Internet of Things (IoT) chip supplier, focusing on edge AI.
  • The company's Astra platform is designed for AI processing directly on edge IoT devices.
  • A partnership with Google aims to integrate Google's machine-learning core into Synaptics' Astra hardware.
  • Analysts are largely bullish on Synaptics, with a consensus price target suggesting a 16% climb.

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