$Synaptics(SYNA)$ is my next big swing trade.
Never heard of it? Good.
$3B market cap...very real chance this becomes a monster.
For you non-technical folks (like me), AI is starting to run on device, not just in the cloud.
So instead of a camera, phone, or robot sending data to a data center to “think", SYNA allows this to happen instantly, privately, and directly on the device.
Privacy is the huge advantage here. Gov't, military, business, personal...privacy is becoming a non-negotiable.
$Alphabet(GOOG)$ $Alphabet(GOOGL)$ only a year ago, selected SYNA as a key partner to "accelerate development of context aware devices".
Another angle I like is SYNA's positioning in the biometrics & security world.
Two months ago they partnered with QCOM to add fingerprint + touch technology on PC and mobile.
My broader thesis is that biometric identification, basically proving you’re human and proving your identity, is going to explode in importance.
But the edge AI narrative is going to be what drives the growth multiple for SYNA.
In other words, AI is going to live, work, and think...directly on device (not calling to a datacenter), and SYNA is building the plumbing for this.
Slightly off topic, but also thinking it can be a wildcard acquisition target for cloud/network players wanting deeper on-device exposure.
Volume has been aggressive the last two weeks...I believe a large trader/firm is positioning ahead of earnings.
Earnings are scheduled for February 5th after close.
Management is guiding aggressively + publicly prioritizing IoT + edge AI growth.
Lastly, a new CEO started in June '25, just 7 months ago.
And he's a stud. Former senior $Broadcom(AVGO)$ + $Qualcomm(QCOM)$ executive. Deep wireless, IoT, and edge AI experience.
Extremely bullish...stock has been going up since the day this was announced.
My positioning & thoughts:
> buys at $82.50
> mental stop is a daily close under $79
> if stop triggers, I'll be looking at $71 level to re-enter with size & clarity
Big part of the AI theme, focusing on privacy, partnerships with google, fresh/experienced CEO, relative strength, and undiscovered.
SYNA currently $82.50.
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