After the conclusion of the US market's regular session on Wednesday, let's examine the after-hours session and unveil the notable performers among the top gainers and losers.
Valens Semiconductor (VLN) initiated with Buy rating and $4 price target by Needham analyst Quinn Bolton. Company is a leader in fabless semiconductor, dominating pro-AV market with expanding reach into mainstream.
Valens Semiconductor stock is rising after announcing its VA7000 chipsets will power Mobileye's EyeQ6 High system-on-chip. These MIPI A-PHY-compliant chipsets will enhance high-speed connectivity in automated and autonomous vehicle production, improving sensor-to-compute communication for major automakers.
Valens Semiconductor, RGo Robotics, and CHERRY Embedded Solutions have joined forces to advance AI-driven robotic systems. The integration of MIPI A-PHY chipsets and RGo's Perception Engine enables smarter automation, offering flexibility, reduced costs, and better performance.
