In a market led by chip stocks, the Magnificent Seven, and AI, it's natural to want to find what might be the next big name in technology. Semtech NASDAQ: SMTC is a small to mid-cap firm in the semiconductor industry that specifically focuses on the Internet of Things (IoT) part of the market.
In its broadest sense, the Internet of Things (IoT) means anything that can be connected to the internet. Think your bread toaster, wearable items, your fridge and even your dog collar all connected to the internet.
The concept of the Internet of Things is transforming our lives and will continue to do so as the WEF, G20 and others smarten up cities. The demand for smart devices will rise in these smart cities worldwide.
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