Tower Semiconductor Ltd., an independent semiconductor foundry, focus on specialty process technologies to manufacture analog intensive mixed-signal semiconductor devices in Israel, the United States, Japan, Europe, and internationally. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS. The Company also provides design enablement platform for quick and accurate design cycle, as well as transfer optimization and development process services to integrated device manufacturers and fabless companies. It serves various markets, such as consumer electronics, personal computers, communications, automotive, industrial, aerospace, military, and medical device products. The company was incorporated in 1993 and is headquartered in Migdal Haemek, Israel.

Tower Semiconductor Ltd.

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco Semiconductors ETF (Symbol: PSI), we found that the implied analyst target price for the ETF based upon its underlying holdings is $68.78 per unit.
With PSI trading at a recent price near $60.42 per unit, that means that analysts see 13.83% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PSI's underlying holdings with notable upside to their analyst target prices are Tower Semiconductor Ltd. (Symbol: TSEM), Camtek Ltd (Symbol: CAMT), and Nova Ltd (Symbol: NVMI). Although TSEM has traded at a recent price of $50.32/share, the average analyst target is 25.72% higher at $63.26/share. Similarly, CAMT has 18.88% upside from the recent share price of $83.36 if the average analyst target price of $99.10/share is reached, and analysts on average are expecting NVMI to reach a target price of $284.17/share, which is 13.95% above the recent price of $249.38. Below is a twelve month price history chart comparing the stock performance of TSEM, CAMT, and NVMI:
Combined, TSEM, CAMT, and NVMI represent 8.93% of the Invesco Semiconductors ETF. Below is a summary table of the current analyst target prices discussed above:
Name
Symbol
Recent Price
Avg. Analyst 12-Mo. Target
% Upside to Target
Invesco Semiconductors ETF
PSI
$60.42
$68.78
13.83%
Tower Semiconductor Ltd.
TSEM
$50.32
$63.26
25.72%
Camtek Ltd
CAMT
$83.36
$99.10
18.88%
Nova Ltd
NVMI
$249.38
$284.17
13.95%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Add Up The Pieces: PSI Could Be Worth $69

The following companies are expected to report earnings prior to market open on 08/04/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
IDEXX Laboratories, Inc. (IDXX)is reporting for the quarter ending June 30, 2025. The medical instruments company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.31. This value represents a 35.66% increase compared to the same quarter last year. IDXX missed the consensus earnings per share in the 2nd calendar quarter of 2024 by -14.98%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for IDXX is 43.76 vs. an industry ratio of 5.70, implying that they will have a higher earnings growth than their competitors in the same industry.
BioNTech SE (BNTX)is reporting for the quarter ending June 30, 2025. The biomedical (gene) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-1.31. This value represents a 63.81% increase compared to the same quarter last year. BNTX missed the consensus earnings per share in the 2nd calendar quarter of 2024 by -67.59%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for BNTX is -27.49 vs. an industry ratio of 1.60.
ON Semiconductor Corporation (ON)is reporting for the quarter ending June 30, 2025. The semiconductor company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.54. This value represents a 43.75% decrease compared to the same quarter last year. ON missed the consensus earnings per share in the 4th calendar quarter of 2024 by -3.06%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ON is 24.61 vs. an industry ratio of 14.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Waters Corporation (WAT)is reporting for the quarter ending June 30, 2025. The medical instruments company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.93. This value represents a 11.41% increase compared to the same quarter last year. In the past year WAT has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 1.35%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for WAT is 22.37 vs. an industry ratio of 5.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Joint Stock Company Kaspi.kz (KSPI)is reporting for the quarter ending June 30, 2025. The financial transactions company's consensus earnings per share forecast from the 2 analysts that follow the stock is $2.85. This value represents a 28.96% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for KSPI is 6.55 vs. an industry ratio of 18.50.
Tyson Foods, Inc. (TSN)is reporting for the quarter ending June 30, 2025. The meat product company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.72. This value represents a 17.24% decrease compared to the same quarter last year. In the past year TSN has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 8.24%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for TSN is 13.87 vs. an industry ratio of 11.20, implying that they will have a higher earnings growth than their competitors in the same industry.
CNA Financial Corporation (CNA)is reporting for the quarter ending June 30, 2025. The insurance (property & casualty) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.94. This value represents a 21.01% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CNA is 10.61 vs. an industry ratio of 10.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Wayfair Inc. (W)is reporting for the quarter ending June 30, 2025. The internet company's consensus earnings per share forecast from the 10 analysts that follow the stock is $-0.27. This value represents a 17.39% decrease compared to the same quarter last year. W missed the consensus earnings per share in the 4th calendar quarter of 2024 by -24.68%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for W is -37.30 vs. an industry ratio of 24.60.
Bruker Corporation (BRKR)is reporting for the quarter ending June 30, 2025. The scientific instrument company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.33. This value represents a 36.54% decrease compared to the same quarter last year. BRKR missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -1.64%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for BRKR is 15.75 vs. an industry ratio of 15.70, implying that they will have a higher earnings growth than their competitors in the same industry.
TG Therapeutics, Inc. (TGTX)is reporting for the quarter ending June 30, 2025. The biomedical (gene) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.32. This value represents a 700.00% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 16 days. Zacks Investment Research reports that the 2025 Price to Earnings ratio for TGTX is 40.34 vs. an industry ratio of 1.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Tower Semiconductor Ltd. (TSEM)is reporting for the quarter ending June 30, 2025. The electric company company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.38. This value represents a 17.39% decrease compared to the same quarter last year. In the past year TSEM has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 25%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for TSEM is 24.60 vs. an industry ratio of -44.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Axsome Therapeutics, Inc. (AXSM)is reporting for the quarter ending June 30, 2025. The biomedical (gene) company's consensus earnings per share forecast from the 11 analysts that follow the stock is $-1.00. This value represents a 19.35% increase compared to the same quarter last year. AXSM missed the consensus earnings per share in the 4th calendar quarter of 2024 by -6.67%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for AXSM is -30.54 vs. an industry ratio of 1.60.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for August 4, 2025 : IDXX, BNTX, ON, WAT, KSPI, TSN, CNA, W, BRKR, TGTX, TSEM, AXSM

In trading on Thursday, shares of Tower Semiconductor Ltd. (Symbol: TSEM) crossed below their 200 day moving average of $30.70, changing hands as low as $30.50 per share. Tower Semiconductor Ltd. shares are currently trading down about 1% on the day. The chart below shows the one year performance of TSEM shares, versus its 200 day moving average:
Looking at the chart above, TSEM's low point in its 52 week range is $21.43 per share, with $45.87 as the 52 week high point — that compares with a last trade of $30.80.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TSEM Crosses Below Key Moving Average Level

In trading on Wednesday, shares of Tower Semiconductor Ltd. (Symbol: TSEM) crossed above their 200 day moving average of $43.36, changing hands as high as $43.60 per share. Tower Semiconductor Ltd. shares are currently trading up about 1.5% on the day. The chart below shows the one year performance of TSEM shares, versus its 200 day moving average:
Looking at the chart above, TSEM's low point in its 52 week range is $28.64 per share, with $55.31 as the 52 week high point — that compares with a last trade of $43.47.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tower Semiconductor Breaks Above 200-Day Moving Average - Bullish for TSEM

Investors in Tower Semiconductor Ltd. (Symbol: TSEM) saw new options begin trading today, for the August 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TSEM options chain for the new August 15th contracts and identified one put and one call contract of particular interest.
The put contract at the $38.00 strike price has a current bid of $1.35. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $38.00, but will also collect the premium, putting the cost basis of the shares at $36.65 (before broker commissions). To an investor already interested in purchasing shares of TSEM, that could represent an attractive alternative to paying $39.77/share today.
Because the $38.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.55% return on the cash commitment, or 22.36% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Tower Semiconductor Ltd., and highlighting in green where the $38.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $42.00 strike price has a current bid of $1.50. If an investor was to purchase shares of TSEM stock at the current price level of $39.77/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $42.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.38% if the stock gets called away at the August 15th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if TSEM shares really soar, which is why looking at the trailing twelve month trading history for Tower Semiconductor Ltd., as well as studying the business fundamentals becomes important. Below is a chart showing TSEM's trailing twelve month trading history, with the $42.00 strike highlighted in red:
Considering the fact that the $42.00 strike represents an approximate 6% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 55%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.77% boost of extra return to the investor, or 23.74% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example, as well as the call contract example, are both approximately 58%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $39.77) to be 48%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

August 15th Options Now Available For Tower Semiconductor (TSEM)

SkyWater Technology SKYT shares have lost 37.7% in the trailing 12 months, underperforming the Zacks Computer and Technology sector and the S&P 500 index’s return of 5.4% and 9.5%, respectively. The stock has also underperformed the Zacks Electronics – Semiconductors industry’s growth of 0.9% in the same time frame.
The stock’s underperformance can be attributed to weaker sentiment around semiconductor stocks, as investors worry about how profitable and lasting the AI trend really is. Since SkyWater is part of this industry, it has been affected by the overall slowdown and falling interest in chip-related stocks. Additionally, its Wafer Services revenues declined 56% to $26.9 million in 2024, mainly due to continued weakness in the automotive and industrial sectors.
To turn things around, the company is taking strategic steps to strengthen its core operations and drive future prospects. Let’s take a closer look at how SKYT is laying the foundation for sustained growth.
Strategic Moves to Drive Long-Term Growth in Wafer Services
SkyWater is making a significant move by acquiring Infineon’s Fab 25, a large-scale 200mm chip manufacturing plant in Austin, TX. The facility can produce more than 30,000 wafers each month and is expected to contribute around $300 million in annual Wafer Services revenues, helping SkyWater achieve a more balanced revenue mix between its Advanced Technology Services and Wafer Services segments.
SkyWater launched ThermaView Solutions to enter the rapidly growing thermal imaging market across defense, industrial and medical sectors. This initiative strengthens the company’s strategic focus on growth markets while driving opportunity for the long-term revenue expansion of its Wafer Services segment. In 2025, new products, including ThermaView and ATS-to-Wafer conversions, are expected to drive Wafer Services’ growth. The segment will shift from 90% legacy products and 10% new products in 2024 to 60% new products in 2025, with legacy products making up the remaining 40%.
SKYT’s Competition and How It Stays Ahead
The company faces competition from giants like Tower Semiconductor TSEM, GlobalFoundries GFS and ON Semiconductor ON. Tower Semiconductor specializes in manufacturing analog integrated circuits for semiconductor companies and GlobalFoundries manufactures integrated circuits on wafers for automotive and aerospace markets, among others. ON Semiconductor provides semiconductor solutions for automotive and industrial appliances. Shares of Tower Semiconductor, GlobalFoundries and ON Semiconductor have lost 3.2%, 32% and 48.7%, respectively, in the trailing 12 months.
SkyWater stays ahead of bigger rivals by focusing on specialized, high-value chip production rather than mass-market manufacturing. Additionally, as a Department of Defense-accredited trusted foundry, SkyWater benefits from government contracts and defense projects that competitors without this status cannot access.
SkyWater Technology, Inc. Price and Consensus
SkyWater Technology, Inc. price-consensus-chart | SkyWater Technology, Inc. Quote
SKYT’s Q1 2025 Guidance
SKYT expects non-GAAP loss per share in the range of 10-16 cents and revenues in the band of $59-$63 million in the first quarter of 2025.
The Zacks Consensus Estimate for SKYT’s first-quarter 2025 loss is currently pegged at 13 cents per share, which has remained unchanged over the past 30 days. The estimate suggests year-over-year decline of 62.5%. The consensus mark for revenues is pegged at $61.05 million, indicating a year-over-year decline of 23.34%.
SKYT beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, with the average surprise being 179.29%.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar
Here’s Why You Should Buy SKYT Stock Now
SkyWater Technology’s strategic moves like the Fab 25 acquisition and the launch of ThermaView highlight its sharp focus on growth, innovation and diversification. While larger rivals face broader market challenges, SkyWater is carving a path through specialization and strategic partnerships with companies like Quantum-Si Incorporated, NanoDx and Multibeam Corp. Its unique positioning in high-value, defense-aligned markets and support from the CHIPS Act further reinforce its long-term potential in a shifting semiconductor landscape.
SKYT currently sports a Zacks Rank #1 (Strong Buy) and has a Growth Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks proprietary methodology. You can see the complete list of today’s Zacks #1 Rank stocks here.
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ON Semiconductor Corporation (ON) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SKYT Stock Plunges 38% in a Year: Should You Buy the Dip or Wait?

In trading on Monday, airlines shares were relative laggards, down on the day by about 4%. Helping drag down the group were shares of Allegiant Travel, off about 9.8% and shares of Alaska Air Group down about 8.3% on the day.
Also lagging the market Monday are semiconductors shares, down on the day by about 3.4% as a group, led down by Himax Technologies, trading lower by about 9% and Tower Semiconductor, trading lower by about 8.1%.
VIDEO: Monday Sector Laggards: Airlines, Semiconductors
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Monday Sector Laggards: Airlines, Semiconductors

(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, Tower Semiconductor (TSEM) said it expects revenues for the first quarter to be $358 million, with an upward or downward range of 5 percent.
On average, four analysts polled expect the company to report revenues of $355.54 million for the quarter.
For the fourth quarter, the company posted net profit attributable to the company of $55.14 million or $0.49 per share, up from $53.85 million or $0.48 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter was $0.59 per share, compared to $0.55 per share in the year-ago quarter.
Revenues for the quarter grew 10 percent to $387.19 million from $351.71 million in the same quarter last year.
The Street was looking for earnings of $0.53 per share on revenues of $387.09 million for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tower Semiconductor Sees Q1 Revenues In Line With View; Q4 Results Top Estimates

The following companies are expected to report earnings prior to market open on 02/10/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
McDonald's Corporation (MCD)is reporting for the quarter ending December 31, 2024. The restaurant company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.84. This value represents a 3.73% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for MCD is 25.09 vs. an industry ratio of 54.90.
Rockwell Automation, Inc. (ROK)is reporting for the quarter ending December 31, 2024. The electrical instrument company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.61. This value represents a 21.08% decrease compared to the same quarter last year. ROK missed the consensus earnings per share in the 4th calendar quarter of 2023 by -22.14%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ROK is 28.83 vs. an industry ratio of 0.30, implying that they will have a higher earnings growth than their competitors in the same industry.
ON Semiconductor Corporation (ON)is reporting for the quarter ending December 31, 2024. The semiconductor company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.98. This value represents a 21.60% decrease compared to the same quarter last year. In the past year ON has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 2.06%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for ON is 13.14 vs. an industry ratio of -1831.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Incyte Corporation (INCY)is reporting for the quarter ending December 31, 2024. The biomedical (gene) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.29. This value represents a 57.32% increase compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for INCY is 214.14 vs. an industry ratio of -1.50, implying that they will have a higher earnings growth than their competitors in the same industry.
CNA Financial Corporation (CNA)is reporting for the quarter ending December 31, 2024. The insurance (property & casualty) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $1.11. This value represents a 16.54% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for CNA is 10.61 vs. an industry ratio of -19.40, implying that they will have a higher earnings growth than their competitors in the same industry.
monday.com Ltd. (MNDY)is reporting for the quarter ending December 31, 2024. The internet software company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.19. This value represents a 20.83% decrease compared to the same quarter last year. In the past year MNDY has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 500%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for MNDY is 312.15 vs. an industry ratio of 48.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Roivant Sciences Ltd. (ROIV)is reporting for the quarter ending December 31, 2024. The biomedical (gene) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.30. This value represents a 15.38% decrease compared to the same quarter last year. ROIV missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -37.04%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ROIV is -9.13 vs. an industry ratio of -1.50.
Tower Semiconductor Ltd. (TSEM)is reporting for the quarter ending December 31, 2024. The electric company company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.47. This value represents a 4.08% decrease compared to the same quarter last year. In the past year TSEM has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 8.89%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for TSEM is 27.46 vs. an industry ratio of 73.30.
Insperity, Inc. (NSP)is reporting for the quarter ending December 31, 2024. The staffing company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.25. This value represents a 154.35% decrease compared to the same quarter last year. In the past year NSP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 600%. Edgewell Personal Care (EPC)is reporting for the quarter ending December 31, 2024. The consumer company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.13. This value represents a 45.83% decrease compared to the same quarter last year. In the past year EPC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 7.46%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for EPC is 10.03 vs. an industry ratio of 17.90.
Alexander's, Inc. (ALX)is reporting for the quarter ending December 31, 2024. The reit company's consensus earnings per share forecast from the 1 analyst that follows the stock is $3.71. This value represents a 25.65% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for ALX is 13.24 vs. an industry ratio of 13.30.
PowerFleet, Inc. (AIOT)is reporting for the quarter ending December 31, 2024. The transportation services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.02. This value represents a 115.38% increase compared to the same quarter last year. The last two quarters AIOT had negative earnings surprises; the latest report they missed by -100%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for AIOT is -43.57 vs. an industry ratio of 8.90.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for February 10, 2025 : MCD, ROK, ON, INCY, CNA, MNDY, ROIV, TSEM, NSP, EPC, ALX, AIOT

Pure-play quantum computing stocks skyrocketed in December, driven by the announcement from Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google unit of a big breakthroughs in the field on Dec. 9. Its accomplishments would seem to have moved the nascent field of quantum computing closer to its promise of being able to solve problems that even the most powerful classical computers cannot.
Most tech experts project huge growth potential in quantum computing over the long term. The global quantum computing market for hardware and software is estimated to reach $90 billion to $170 billion by 2040, according to the Boston Consulting Group (BCG). This market was worth about $770 million to $900 million in 2023, per several sources. So, BCG's estimate equates to a compound annual growth rate (CAGR) of about 31% to 37% through 2040.
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How do quantum computers work?
Here's a brief description of how quantum computers work, compliments of IBM (NYSE: IBM), widely considered the leader in the field.
While classical computers rely on binary bits (zeros and ones) to store and process data, quantum computers can encode even more data at once using quantum bits, or qubits, in superposition. A qubit can ... store either a zero or a one, but it can also be a weighted combination of zero and one at the same time. When combined, qubits in superposition can scale exponentially.
Why buy a quantum computing ETF rather than, or in addition to, a pure-play quantum computing stock?
There are likely to be some big long-term stock winners in the quantum computing space. But at this early stage, it is very difficult to identify which companies will succeed. Moreover, the pure-play quantum stocks are very risky. So, some investors might want to buy an exchange-traded fund (ETF) focused on quantum computing. ETFs are bought and sold like stocks, but their diversification makes them less risky than individual stocks.
To my knowledge, there is just one such ETF now -- Defiance Quantum (NASDAQ: QTUM) -- though it's likely more will be coming soon.
Data by YCharts. Since its inception, Defiance Quantum ETF has outperformed the S&P 500 and Nasdaq indexes -- and it was doing so even before quantum computing stocks surged in December.
Defiance Quantum ETF: Overview
Defiance Quantum ETF began trading in Sept. 2018 and has about $839 million in net assets, as of Jan. 3. It's an index fund that aims to track the performance of the BlueStar Quantum Computing and Machine Learning Index. (Machine learning is a type of artificial intelligence (AI), with deep learning a subset of machine learning, and generative AI a subset of deep learning.)
Defiance Quantum has 71 holdings, as of Jan. 3. The index components are assigned an equal weighting, with the weights reset semi-annually along with any necessary changes to the holdings. The ETF's expense ratio is 0.40%, which is reasonable for an ETF focused on a particular theme.
Defiance Quantum ETF: Top 10 stock holdings
Holding No.
Company
Market Cap
Weight (% of Portfolio)
1-Year Return
1
Rigetti Computing (NASDAQ: RGTI)
$4.6 billion
3.56%
1,860%
2
D-Wave Quantum (NYSE: QBTS)
$2.7 billion
3.07%
988%
3
IonQ (NYSE: IONQ)
$10.3 billion
2.21%
300%
4
Palantir Technologies
$182 billion
1.52%
397%
5
Teradyne
$21.3 billion
1.50%
28.9%
8 (tie)
Alchip Technologies*
$241 billion TWD (about $7.3 billion)
1.48%
(12.2%)
8 (tie)
Onto Innovation
$8.9 billion
1.48%
29.8%
8 (tie)
Taiwan Semiconductor Manufacturing
$1.08 trillion
1.48%
111%
10 (tie)
Marvell Technology
$102 billion
1.47%
109%
10 (tie)
Tower Semiconductor
$5.8 billion
1.47%
70.9%
N/A
Defiance Quantum ETF
$839 million assets under management
100%
60.4%
N/A
S&P 500 Index
N/A
N/A
28.1%
N/A
Nasdaq Composite Index
N/A
N/A
35.4%
Data sources: Defiance Quantum ETF, Yahoo! Finance, and YCharts. *Alchip is listed on the Taiwan Stock Exchange. Data as of Jan. 3, 2025.
The top three holdings are pure-play quantum computing stocks. Palantir (No. 4) provides AI-powered data analysis platforms for government and commercial customers. Teradyne (No. 5) sells test equipment for semiconductors (chips), electronic systems, and wireless communication products, and also has an industrial automation business. Onto Innovation is a semiconductor equipment maker. Taiwan Semiconductor Manufacturing is the world's largest chip foundry, meaning it makes chips for other companies. The remaining three are chip companies.
After the top three holdings, the percentage weightings become extremely close, with many of them exactly the same. I listed the top 10 holdings so investors can get a flavor of the fund's holdings. The ETF holds nearly all the larger tech companies, including chip and cloud computing companies.
With 71 total holdings, Defiance Quantum ETF is very diversified. The greater diversification lessens the risk level of this ETF. And starting all holdings at an equal weighting and resetting them to such every six months also lowers the fund's risk level.
Big Tech quantum computing leaders: IBM and (arguably) Alphabet
IBM, which has a 1.34% weighting in the ETF, is generally considered the leader in quantum computing. It's developed several quantum chips over the last few years. Its second revision of Heron, first introduced in December 2023, is reportedly its best-performing chip. IBM's quantum computing offerings are available to users of its cloud service. Moreover, Big Blue has an open-source software platform called Qiskit that developers can use to build quantum computing applications.
Alphabet has a 1.36% weighting in the Defiance Quantum ETF. Arguably, Alphabet is the No. 2 player in quantum computing, at least among well-established big tech companies. On Dec. 9, Google Quantum AI reported that Willow, its newest quantum chip, can "reduce errors exponentially as we scale up using more qubits." This is important because a major hurdle of quantum computing is that scaling up has historically increased errors. Moreover, Willow reportedly "performed a standard benchmark computation in under five minutes that would take one of today's fastest supercomputers 10 septillion ... years." This is a number bigger than the universe is old.
Pure-play quantum computing stocks
Defiance Quantum ETF has three pure-play quantum computing stocks, per my scan of its holdings: Rigetti Computing (No.1), D-Wave Quantum (No. 2), and IonQ (No.3). These are risky stocks because the companies generate little revenue, have large net losses, and are burning through much cash.
That said, IonQ is arguably the least risky of the three for a couple of reasons. First, the Maryland-based company generated revenue of $37.5 million over the past year. While this is modest, it's still much more revenue than Rigetti and D-Wave took in over the last year. Its revenue has come from winning several long-term development contracts and selling some systems to customers.
Another notable thing that IonQ has going for it is that it has strategic partnerships with deep-pocketed companies Amazon and defense giant Lockheed Martin.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Beth McKenna has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Palantir Technologies, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends International Business Machines, Lockheed Martin, Marvell Technology, and Teradyne. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.