IBM - Everspin: Potential AI Buildout Beneficiary With Giveaway Valuation

2024-05-13 09:33:14 ET

Summary

• Everspin Technologies is a leading semiconductor firm specializing in "electron spin" memory storage, offering advantages such as energy efficiency and data retention.
• The company experienced a dip in MRAM sales during early 2024, but has secured a major design win at IBM for its "hardened" inventions.
• A super-low enterprise valuation, especially measured against tangible book value, should reduce downside investment risk from $6 a share.

I have talked about a small semiconductor firm a number of times on Seeking Alpha over several years, holding patents and regular chip revenue in the "electron spin" memory storage area. Everspin Technologies, Inc. ( MRAM ) is a leading inventor in the newest way to archive data vs. the usual way of setting 0s and 1s with electrical charge. The main advantages include less energy to move store/data and the accurate ability to retain memory, even after a computer or other technology has been powered off....

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