Synaptics and Google Unveil Coralboard for Edge AI Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: Newsfilter
Synaptics Inc. shares rose 8.67% as the company reached a 52-week high.
The increase in stock price is attributed to the launch of the Coralboard, a collaborative project with Google that integrates Synaptics' Astra SL2619 dual-core SoC with Google's NPU technology. This platform aims to enhance Edge AI application development, making it easier for developers to transition from prototyping to real-world products. The Coralboard will also support innovative projects like 'Jellectronica' at Google I/O 2026, showcasing real-time music experiences through advanced AI capabilities.
This strategic partnership not only emphasizes Synaptics' commitment to Edge AI but also positions the company favorably in the growing market for intelligent devices, potentially leading to increased demand and revenue.
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Analyst Views on SYNA
Wall Street analysts forecast SYNA stock price to fall
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 132.330
Low
65.00
Averages
89.22
High
106.00
Current: 132.330
Low
65.00
Averages
89.22
High
106.00
About SYNA
Synaptics Incorporated is a developer and fabless supplier of mixed signal semiconductor solutions that enable people to engage with connected devices and data, engineering experiences throughout the home, at work, in the car and on the go. The Company's product categories include core Internet of things (IoT), enterprise and automotive, and mobile product applications. Its core IoT solutions consist of wireless connectivity (Wi-Fi, Bluetooth, Bluetooth Low Energy, Zigbee, Thread, global positioning system, and Ultra Low Energy) products, System-on-Chip (SoC), products, and its Astra family of artificial intelligence (AI)-native edge processors. Its enterprise product applications include solutions for personal computers (PCs), a range of audio and video products and solutions for enterprise workspaces. The Company's mobile product applications include smartphones, tablets, large touchscreen applications, as well as a variety of mobile, handheld, and entertainment devices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Synaptics and Google Launch Coralboard for Edge AI Development
- Edge AI Development Platform: Synaptics' Coralboard integrates the Synaptics Astra SL2619 dual-core SoC with Google's NPU technology, aimed at accelerating developers' transition from prototyping to real-world products, thereby enhancing the efficiency of Edge AI application development.
- Real-Time Music Experience: At Google I/O 2026, the Coralboard will support the 'Jellectronica' project, utilizing an NPU-accelerated YOLOv8 model to track jellyfish movements in real-time, demonstrating the integration of vision and real-time inference to drive generative music performances.
- Developer-Friendly Design: The Coralboard features a rich set of interfaces and expansion capabilities, supporting Wi-Fi and Bluetooth connectivity, designed to reduce setup time for developers, thus speeding up prototyping and improving market responsiveness.
- Strategic Collaboration Outlook: The partnership between Synaptics and Google not only highlights the focus on Edge AI but also lowers the barrier for developers to create private, always-on AI experiences by providing efficient hardware and an open software stack, facilitating the proliferation of intelligent devices.
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Synaptics Announces 2026 Investor Conference Schedule
- Investor Conference Schedule: Synaptics is set to participate in several investor conferences in Q4 2026, with CEO Rahul Patel presenting at the J.P. Morgan conference on May 18, showcasing the company's leadership in technology and attracting investor interest.
- CFO Engagement: CFO Ken Rizvi will discuss the company's financial health and growth potential at the TD Cowen conference on May 27, followed by a presentation at the Mizuho Technology Conference on June 9, highlighting the company's strategic direction.
- Virtual Participation: Rizvi will also participate virtually in the Northland Growth Conference on June 23, demonstrating the company's adaptability in digital transformation and enhancing investor confidence.
- Innovation Focus: Synaptics is committed to AI at the Edge, driving innovation through its advanced Synaptics Astra™ solutions, which enhance user experiences and underscore the company's strategic significance in the future technology landscape.
See More
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- Integrated Technology Advantage: By showcasing Synaptics Astra™ AI-native embedded compute and next-generation wireless connectivity, Synaptics emphasizes how its technology supports real-world AI experiences across smart home, industrial automation, and smart enterprise sectors, driving demand for high-performance devices.
- Real-Time Decision-Making Capability: The solutions will demonstrate how to achieve low latency and greater privacy for real-time decision-making without constant cloud reliance, addressing the needs for intelligent monitoring and optimization in industrial and enterprise environments.
- Industry Trend Leadership: This exhibition not only highlights Synaptics' leadership in the Edge AI space but also underscores its strategic significance in simplifying system complexity and accelerating time to market, enabling developers and design engineers to launch differentiated AI-enabled devices more swiftly.
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- Analyst Target Upgrades: Following the earnings report, Susquehanna, Mizuho, and Deutsche Bank raised their price targets for Synaptics to $125, $128, and $125 from $105, $103, and $100 respectively, reflecting optimistic market sentiment regarding future growth.
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Synaptics and Google Launch Coralboard for Edge AI Development
- Edge AI Development Platform: Synaptics' Coralboard integrates the Synaptics Astra SL2619 dual-core SoC with Google's NPU technology, aimed at accelerating developers' transition from prototyping to real-world products, thereby enhancing the efficiency of Edge AI application development.
- Real-Time Music Experience: At Google I/O 2026, the Coralboard will support the 'Jellectronica' project, utilizing an NPU-accelerated YOLOv8 model to track jellyfish movements in real-time, demonstrating the integration of vision and real-time inference to drive generative music performances.
- Developer-Friendly Design: The Coralboard features a rich set of interfaces and expansion capabilities, supporting Wi-Fi and Bluetooth connectivity, designed to reduce setup time for developers, thus speeding up prototyping and improving market responsiveness.
- Strategic Collaboration Outlook: The partnership between Synaptics and Google not only highlights the focus on Edge AI but also lowers the barrier for developers to create private, always-on AI experiences by providing efficient hardware and an open software stack, facilitating the proliferation of intelligent devices.
See More
Synaptics Announces 2026 Investor Conference Schedule
- Investor Conference Schedule: Synaptics is set to participate in several investor conferences in Q4 2026, with CEO Rahul Patel presenting at the J.P. Morgan conference on May 18, showcasing the company's leadership in technology and attracting investor interest.
- CFO Engagement: CFO Ken Rizvi will discuss the company's financial health and growth potential at the TD Cowen conference on May 27, followed by a presentation at the Mizuho Technology Conference on June 9, highlighting the company's strategic direction.
- Virtual Participation: Rizvi will also participate virtually in the Northland Growth Conference on June 23, demonstrating the company's adaptability in digital transformation and enhancing investor confidence.
- Innovation Focus: Synaptics is committed to AI at the Edge, driving innovation through its advanced Synaptics Astra™ solutions, which enhance user experiences and underscore the company's strategic significance in the future technology landscape.
See More
Synaptics to Showcase Edge AI Innovations at COMPUTEX Taipei 2026
- Edge AI Application Showcase: Synaptics will present its AI-native compute, connectivity, and sensing solutions at COMPUTEX Taipei 2026, aimed at accelerating the deployment of Edge IoT applications while enhancing device intelligence and responsiveness.
- Integrated Technology Advantage: By showcasing Synaptics Astra™ AI-native embedded compute and next-generation wireless connectivity, Synaptics emphasizes how its technology supports real-world AI experiences across smart home, industrial automation, and smart enterprise sectors, driving demand for high-performance devices.
- Real-Time Decision-Making Capability: The solutions will demonstrate how to achieve low latency and greater privacy for real-time decision-making without constant cloud reliance, addressing the needs for intelligent monitoring and optimization in industrial and enterprise environments.
- Industry Trend Leadership: This exhibition not only highlights Synaptics' leadership in the Edge AI space but also underscores its strategic significance in simplifying system complexity and accelerating time to market, enabling developers and design engineers to launch differentiated AI-enabled devices more swiftly.
See More
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- Fluence Energy Surge: Fluence Energy's stock soared nearly 30% after its fiscal second-quarter EBITDA exceeded Wall Street estimates, following a prior session surge of about 40%, indicating strong market confidence in its growth potential and attracting more investor interest.
- Corpay Raises Guidance: Corpay shares jumped 10% after the company raised its full-year earnings guidance to a range of $26.30 to $27.10 per share, surpassing analyst expectations of $26.05, reflecting robust performance in the corporate payments sector and potentially increasing market share.
- Akamai Technologies Rises: Akamai's stock surged 20% after securing an $1.8 billion commitment from a leading U.S. frontier model provider for its Cloud Infrastructure Services, indicating strong demand in the market, while also reporting a first-quarter adjusted earnings beat that bolstered investor confidence.
- Upwork Restructuring Impact: Upwork's shares tumbled 21% following its announcement of a 24% workforce reduction to ensure profitability, despite slightly lower-than-expected first-quarter earnings and revenue, which may affect its future competitive position and investor sentiment.
See More
Synaptics Reports Strong Earnings, Stock Rises
- Strong Earnings from Synaptics: Synaptics reported fourth-quarter revenue guidance between $295M and $315M, exceeding the $302.5M estimate, leading to a 1% rise in stock price, indicating robust performance in the AI software sector.
- Analyst Target Upgrades: Following the earnings report, Susquehanna, Mizuho, and Deutsche Bank raised their price targets for Synaptics to $125, $128, and $125 from $105, $103, and $100 respectively, reflecting optimistic market sentiment regarding future growth.
- HubSpot Stock Plummets: HubSpot's stock fell 24% after it provided weaker-than-expected guidance and was downgraded to Neutral by Cantor Fitzgerald and Market Perform by William Blair, indicating significant market concerns about its future performance.
- Ubiquiti's Weak Results: Ubiquiti reported weaker-than-expected third-quarter results, causing its stock to drop nearly 8%, while declaring a quarterly dividend of $0.80 per share, highlighting the challenges the company faces in the current market environment.
See More
Akamai Technologies Shares Surge 27% on $1.8 Billion Commitment
- Akamai Stock Surge: Shares of Akamai Technologies soared 27% after a leading U.S. frontier model provider committed to a $1.8 billion investment over seven years for its Cloud Infrastructure Services, enhancing market confidence and potentially driving future revenue growth.
- CoreWeave Revenue Guidance Miss: CoreWeave's second-quarter revenue guidance of $2.45 billion to $2.6 billion, with a midpoint of $2.53 billion, fell short of Wall Street's $2.69 billion expectation, resulting in a 7% stock decline, reflecting market concerns about its growth outlook.
- Microchip Earnings Beat: Microchip Technology's stock rose 3% following a fiscal fourth-quarter report that exceeded earnings and revenue expectations, with projected first-quarter revenue between $1.44 billion and nearly $1.47 billion, indicating strong performance in the semiconductor sector.
- Upwork Restructuring Plan: Upwork's announcement of a 24% workforce reduction to maintain profitability led to a 23% drop in its stock price, despite slightly lower-than-expected first-quarter earnings and revenue, showcasing the company's strategic response to evolving market conditions.
See More
