Javier Correonero

While the new 2026 outlook is no big surprise, we raise our fair value estimate.

Demand looks strong across the board, with multiple drivers contributing.

The shares’ recent pullback provides patient investors with an opportunity to buy a high-quality company at a cheap price.

The semiconductor and software design company’s new computer architecture is its main growth driver.

Current valuation for the company is propelled by an exaggerated artificial intelligence narrative, according to a new Morningstar report.