2023-03-27 09:00:00 ET
Allegro MicroSystems (NASDAQ: ALGM) has been around since the 1990s, but it didn't have its IPO until 2020. Why care about this analog chip designer now?
Well, it's quickly growing (shares are up nearly 162% since the IPO) thanks to its end markets enabling automotive technology, renewable energy, and industrial automation.
Allegro MicroSystems just hosted its first-ever investor day as a public company, and the market was pleased with the updates. If you believe the future of autos is battery power, Allegro is worth getting familiar with.
For further details see:
This Auto Tech Company You've Never Heard of Could Be a Market-Beating Stock