Silicom jumps after Needham raises to 'buy'

Silicom

02/07/2026 14:17

** Shares of Israel-based cloud computing firm Silicom SILC.O up ~10% at $48.40 premarket
** Brokerage Needham upgrades stock to "buy" from "hold"
** Says recent progress with its new AI inference order raises expectations of inference revenue to hit multi-million gains in 2026 and tens of millions in 2027
** Brokerage sees an acceleration of fast emerging inference infrastructure build opportunity poised to benefit SILC
** As of last close, stock up 200% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))