Ambiq Micro, Inc. (AMBQ) has received a new Buy rating, initiated by Needham analyst, Quinn Bolton.
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Quinn Bolton has given his Buy rating due to a combination of factors that highlight Ambiq Micro’s strategic positioning in the semiconductor industry. The company is recognized for its innovative approach in developing ultra-low power solutions, particularly for AI inferencing at the edge, through its proprietary Sub-threshold Power Optimized Technology (SPOT). This technology significantly reduces power consumption compared to traditional methods, giving Ambiq a competitive edge as AI becomes increasingly integrated into edge IoT devices.
Furthermore, Bolton anticipates a significant revenue increase by 2028, driven by the launch of Ambiq’s first system-on-chip featuring a dedicated neural processing unit, Atomiq. Additionally, the potential for SPOT technology licensing presents further opportunities for revenue growth and improved profit margins, reinforcing the company’s long-term growth prospects. These factors collectively underpin Bolton’s optimistic outlook and Buy rating for Ambiq Micro.
According to TipRanks, Bolton is a 5-star analyst with an average return of 25.1% and a 56.94% success rate. Bolton covers the Technology sector, focusing on stocks such as IonQ, Marvell, and Micron.
In another report released today, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $45.00 price target.