Alpha and Omega Semiconductor is trading 7.6% up today at $40.19 after unveiling new AI-focused hardware and receiving a bullish analyst initiation.

  • The company introduced its AOPL66801 80V AmpStack MOSFET, a specialized component designed for high-power AI data center applications and other power-dense systems.
  • Lake Street initiated coverage on the stock with a Buy rating and a $58 price target, highlighting the company's expanding AI data center business and potential for reaccelerating growth.