Adeia Is Quietly Becoming the Hybrid-Bonding Backbone for Next-Gen AI Chips - Trade Idea
Adeia has built a deep IP portfolio around hybrid bonding and 3D integration. Recent licensing wins (UMC), strong free cash flow ($156M annual), and accelerating adoption of chiplet architectures create a window for a medium-horizon long trade. Entry $24.87, target $32.00, stop $22.00. Time horizon: mid term (45 trading days).