CEVA Stock Is Near a Breakout: The AI Licensing Signal Traders Are Watching
CEVA, Inc. shares hovered near a 52-week high in pre-market trading Thursday, last indicated at $37.98 after closing at $38.03. The chip-licensing firm reported first-quarter revenue up 11% to $27 million, but posted a net loss of $4.5 million. CEVA recently announced a Bluetooth licensing deal with a major U.S. chipmaker and said AI accounted for over 20% of its licensing revenue.