Stocks

Electronics Stocks to Watch Amid Rising AI and IoT Trends

Published January 10, 2024

Our reliance on technology is growing exponentially, with artificial intelligence (AI) and the Internet of Things (IoT) rapidly becoming integral to various industries. As these technologies become more democratized, certain players in the Electronics - Miscellaneous Components industry stand to benefit significantly. Key stocks to monitor in this evolving landscape include NVT (nVent Electric plc), FN (Fabrinet), and SRI (Stoneridge, Inc.), each positioned to capitalize on the robust adoption of AI and IoT applications.

Deep Dive into FN (Fabrinet)

FN operates with a strong foothold in providing optical packaging and precision electronic, electromechanical, and optical manufacturing services across major regions including North America, Asia-Pacific, and Europe. Situated in George Town, the Cayman Islands, this company's expertise in advanced manufacturing could surge with the rising demand for intricate electronics that underpin AI and IoT ecosystems.

Understanding SRI (Stoneridge, Inc.)

With headquarters in Novi, Michigan, SRI is at the forefront of designing and producing electrical and electronic components, modules, and systems tailored for an extensive scope of vehicle markets. The firm's international presence spans North America, South America, Europe and beyond, carving a niche in the transportation sector which is rapidly integrating AI and IoT solutions for enhanced connectivity and automation.

Exploring NVT (nVent Electric plc)

NVT, headquartered in London, the United Kingdom, is shaping the electrical connection and protection product space with its innovative designs, manufacturing, and services. The company's market reach, covering various global regions including the Americas, Europe, Asia, and the Middle East, ensures that it is well-placed to supply the necessary components for AI and IoT infrastructure, potentially leading to substantial growth as these technologies pervade industry standards.

Electronics, AI, IoT