Why it matters
Chips and IP that run AI on the device. Technology themes move quickly, so the best use is to separate real revenue exposure from broad market excitement.
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On-device & Edge AI
Chips and IP that run AI on the device.
As AI moves onto phones, cars and sensors, a distinct set of companies supplies the low-power NPUs, DSP cores and licensable IP that run inference locally. This collection focuses on the edge-AI silicon and IP layer rather than datacentre accelerators.
What to check next
Look for clear product demand, customer concentration, margins, reinvestment needs and whether the company has pricing power in the theme.
Main risk
Fast narratives can outrun fundamentals; competition, capex cycles and valuation compression matter even when the long-term theme is real.
| Company | Market | Market Cap | Reward | Risk | Yield | |
|---|---|---|---|---|---|---|
| Arm Holdings plc American Depositary SharesARM | $214.2B | — | ||||
| Qualcomm IncorporatedQCOM | $152.0B | 2.4% | ||||
| NXP Semiconductors NVNXPI | $59.3B | 1.7% | ||||
| Lattice Semiconductor CorporationLSCC | $13.8B | — | ||||
| Skyworks Solutions IncSWKS | $9.0B | 4.7% | ||||
| Allegro Microsystems IncALGM | $8.2B | — | ||||
| Qorvo IncQRVO | $7.7B | — | ||||
| Cirrus Logic IncCRUS | $7.3B | — | ||||
| Silicon Motion TechnologySIMO | $4.4B | 1.6% | ||||
| Synaptics IncorporatedSYNA | $3.2B | — | ||||
| Ambarella IncAMBA | $2.9B | — | ||||
| MaxLinear IncMXL | $1.6B | — | ||||
| Himax Technologies IncHIMX | $1.3B | 4.8% | ||||
| Arteris IncAIP | $1.2B | — | ||||
| indie Semiconductor IncINDI | $729.4M | — | ||||
| CEVA IncCEVA | $506.9M | — |
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- RewardRiskYield2.4%
- RewardRiskYield1.7%
- RewardRisk
- RewardRiskYield4.7%
- RewardRisk
- RewardRisk
- RewardRisk
- RewardRiskYield1.6%
- RewardRisk
- RewardRisk
- RewardRisk
- RewardRiskYield4.8%
- RewardRisk
- RewardRisk
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Related collections
Frequently asked questions
What is the On-device & Edge AI collection?
Chips and IP that run AI on the device. It currently holds 16 stocks, each rated by Openbook's Reward and Risk scores. As AI moves onto phones, cars and sensors, a distinct set of companies supplies the low-power NPUs, DSP cores and licensable IP that run inference locally.
How are On-device & Edge AI stocks selected?
On-device & Edge AI is a curated basket of companies with direct exposure to this theme, screened against live market data and ranked by market capitalisation.
How often is the On-device & Edge AI list updated?
It is rebuilt from live market data, so the constituents and their rankings update as prices and company fundamentals change — there is no fixed, hand-edited list.
How should I use the Reward and Risk ratings?
Openbook's Reward rating combines a stock's growth, momentum, profitability and valuation into a single 0–100 score, and the Risk rating scores financial strength, volatility and size. Use them to compare names within this theme — broadly, a higher Reward alongside a lower Risk is more attractive. They are quantitative research signals, not investment advice.
Openbook Reward and Risk ratings and factor scores are quantitative signals for research, not investment advice. Data may be delayed. Some US-listed names carry partial factor coverage.