Lesser known Everspin comes with the MRAM ticker which is coincidentally also the name of its memory technology, used mostly for specialized applications, but should see more traction for AI.
By comparison, computing memory giant Micron's DRAMs are widely used in consumer products seeing a slump in demand and high inventories.
Technology breakthrough has overcome one of MRAM's limitations and Everspin should profit by monetizing its intellectual property assets as well as selling more products.
In addition, Everspin exhibits better growth, gross margins, and cash flow metrics. Thus, it is a buy.
On the cautionary side, this remains a volatile market, particularly for tech, and, investors should position themselves for the long term.
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