Ceva, Inc. CEVA is well positioned to benefit from the growing adoption of artificial intelligence at the edge, where devices must connect, sense their surroundings and make real-time decisions. The company’s portfolio of wireless connectivity, sensing and edge AI technologies supports these capabilities across automotive, industrial and consumer applications.
Ceva’s collaboration with LG Electronics strengthens this growth opportunity. The companies are combining Ceva-Waves UWB baseband intellectual property and software with LG’s ultra-wideband radio-frequency technology to offer a complete, silicon-ready solution. The platform is designed for semiconductor and original equipment manufacturers developing next-generation products. A major U.S. semiconductor company has already selected the combined solution, providing early commercial validation.
UWB technology enables highly accurate and secure positioning. Although it is commonly used in digital keys and tracking devices, the technology is expanding into more advanced applications such as secure access, asset tracking, indoor navigation, precise positioning and radar sensing. These capabilities are increasingly important for AI-enabled devices that must understand their physical environment before making intelligent decisions.
Ceva’s next-generation UWB architecture supports the latest IEEE 802.15.4ab standard and offers improved ranging performance in challenging non-line-of-sight environments. It also provides extended range, low-power operation and resistance to interference. When paired with LG’s RF technology, which supports TSMC’s 22-nanometer manufacturing process, the solution can reduce customers’ engineering requirements, lower integration risks and accelerate time to market.
The addressable market is also expanding rapidly. ABI Research expects worldwide UWB device shipments to increase from 597 million in 2026 to nearly 1.18 billion by 2030. This projected growth should create additional licensing and royalty opportunities for Ceva as more semiconductor manufacturers integrate UWB into their chips.
More broadly, Ceva’s connectivity portfolio includes Bluetooth, Wi-Fi, UWB, cellular IoT and 5G. The LG partnership enhances Ceva’s competitive position by expanding its UWB capabilities and supporting the development of intelligent, connected products across multiple end markets.
Taking a Look at Some Other AI Stocks
Micron Technology MU is poised to be the key beneficiary of surging AI-related infrastructure spending, as companies continue to build out GPU clusters and AI data centers that require advanced memory solutions. AI PCs are an important part of Micron’s growth plan. An expanding partner base is enabling Micron to capture a larger share of the AI infrastructure market. Deepening relationships with major cloud and enterprise customers ensure stable revenue streams and reduce the risk of pricing volatility.
Teradyne TER is benefiting from strong AI-related demand, which is driving significant investments in cloud AI build-out as customers accelerate production of a wide range of AI accelerators, networking, memory and power devices.
Teradyne is being aided by the growing demand for AI infrastructure, which is driving robust growth across its semiconductor test business. Teradyne expects robust growth in the semiconductor test market, particularly in the compute segment, which is projected to expand significantly due to the rapid build-out of AI data centers and the growth of edge AI.driving robust
CEVA’s Price Performance, Valuation & Estimates
Shares of CEVA have surged in double digits (% wise) over the past six months, outperforming the Zacks Internet - Software industry’s return.
6-Month Price Comparison
In terms of forward 12-month Price/Sales (P/S), CEVA is trading at a premium compared with its industry.
See how the Zacks Consensus Estimate for CEVA’s earnings has been revised over the past 90 days.
CEVA’s Zacks Rank
Ceva currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
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