SKYT - 1 Small Chipmaker Stock That Could Be Sitting on Massive Growth Prospects
2024-03-28 04:10:00 ET
A lot has changed since tiny semiconductor manufacturing upstart SkyWater Technology (NASDAQ: SKYT) had its initial public offering (IPO) in 2021. The company, fresh off of its reorganization under the guidance of private equity, was flying high amid the chip shortage that emerged as a result of pandemic supply chain disruptions.
Since then, the world has gone crazy over artificial intelligence (AI). But amid this new AI frenzy, the chip shortage has ended for industrial markets -- precisely the area of the massive semiconductor industry that SkyWater participates in.
Nevertheless, a wave of new demand is expected to hit in the next couple of years, and the U.S. CHIPS Act is aimed at bolstering companies like SkyWater. Is this small manufacturing stock worth paying attention to right now?
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1 Small Chipmaker Stock That Could Be Sitting on Massive Growth Prospects