SiTime Corporation
SITM · Technology
$552.75
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The Zacks Analyst Blog Highlights NVIDIA, Super Micro Computer, Semtech, SiTime and Keysight Technologies
Zacks highlights five AI-powered stocks with Strong Buy ratings and A momentum scores following strong August market performance. NVIDIA leads with record data center revenues and new Vera Rubin platform, while Super Micro Computer, Semtech, SiTime, and Keysight Technologies benefit from expanding AI infrastructure demand and advanced technology adoption.
Buy 5 AI-Powered Momentum Stocks for September After a Strong August
U.S. stock markets surged in August driven by renewed AI enthusiasm, with the S&P 500 and Nasdaq Composite advancing 2.6% and 3.9% respectively. Five AI infrastructure leaders—NVIDIA, Super Micro Computer, Semtech, SiTime, and Keysight Technologies—all holding Zacks Rank #1 (Strong Buy) ratings with momentum scores of A, are expected to maintain their upward trajectory. NVIDIA's data center revenue jumped 117% year-over-year to $89 billion, while Semtech projects 160% year-over-year data center growth in Q3.
Why SiTime Stock Blasted Almost 27% Higher on Thursday
SiTime surged nearly 27% after reporting strong Q2 earnings that more than doubled revenue to $157.4 million and quintupled adjusted net income to $2.34 per share, significantly beating analyst expectations. The company's communications, enterprise, and data center segment—driven by AI capacity buildouts—grew 181%, while other segments grew over 50%. SiTime also provided robust Q3 guidance of $285-295 million in revenue and $3.50-3.65 adjusted EPS, benefiting from organic growth and the recent Renesas timing products acquisition.