SMTC is trading 5.6% up at $142.90 after investors digested strong quarterly results and upbeat guidance tied to AI data center and LoRa connectivity demand.
- The stock continues to benefit from recent analyst upgrades and higher price targets driven by accelerating exposure to the AI data center market.
- The upward move follows a period of volatility and coincides with a broadly positive pre-market tone across major U.S. indices.