Michael Murphy

QuickLogic Corp. (QUIK) is a leading producer of field-programmable gate array (FPGA) semiconductors, founded in 1988 and public since 1999. Unlike most semiconductors, FPGAs can be manufactured for a specific application like cybersecurity, then upgraded in the field when a new cybersecurity threat emerges, writes Michael Murphy, editor of New World Investor.

On Semiconductor Corp. (ON) is not just another semiconductor company. Instead of making semiconductors on silicon wafers, the firm is the leader in using gallium nitride (GaN) and silicon carbide (SiC) substrates. I believe ON can triple over the next five years as its global markets recover and grow, highlights Michael Murphy, editor of New World Investor.

Nvidia Corp. (NVDA) will benefit as the Artificial Intelligence (AI) buildout continues. Amazon.com Inc. (AMZN) announced a $38 billion deal to provide OpenAI access to hundreds of thousands of Nvidia GPUs to be deployed by Amazon Web Services. Note that the much-vaunted Amazon custom processor is not part of this deal, highlights Michael Murphy, editor of New World Investor.

The S&P 500 Index (^SPX) added 1.3% in the last two weeks and hit a new all-time record Friday. It’s up 14.2% year-to-date – and AI-related stocks have accounted for 75% of S&P 500 returns. If the AI revolution plays out like the dotcom revolution, as I expect it will, the underinvested have a few years of pain ahead, observes Michael Murphy, editor of New World Investor.