Semtech (SMTC) Stock Looks Expensive After Its 8x Run

Semtech has delivered a powerful share price story in recent years, and with earnings in the spotlight, the live question is whether that kind of move is still supported by what the business actually earns today. Over the past 3 years the stock has climbed by roughly 8x, which puts a lot of weight on the idea that current and future earnings can shoulder that kind of re-rating. Recent focus on AI data centers and the expanded partnership with Tower Semiconductor can influence how investors...