3 AI Stocks Riding The Shift To On Device Models

Artificial intelligence is moving from the data center into your laptop, and Meta’s new open-source Muse models are a clear sign of that shift. When a tech giant talks about spending up to $145b and traders push the stock up 2.1% before the market even opens, investors pay attention. This article looks at 3 AI related stocks exposed to this news and how the same headline can create very different stories for your portfolio.

The three AI stocks highlighted below are just a sample, with the full screen surfacing 42 more companies that reference artificial intelligence in their business descriptions and show similar financial and market strength. To identify and analyze the highest conviction AI exposures that fit your own filters, head straight into the Artificial Intelligence (AI) screener.

Synaptics (SYNA)

Synaptics is a US$4.1b semiconductor company that supplies the touch, display, audio, wireless and AI processors that sit inside PCs, smart home devices, industrial systems and cars. Its US$1.2b in annual revenue currently comes from a single reported segment focused on developing, marketing and selling these semiconductor products, including AI and edge-computing solutions like Astra and Veros. For investors, that places Synaptics in the path of the shift toward on-device AI and connected devices.

Investors looking at Meta’s push into on-device AI may consider Synaptics, because it is already supplying AI-capable chips and toolchains that let customers run compact models directly on devices instead of in the cloud. Management highlights a growing Astra edge AI pipeline, design wins for next generation AI PCs and collaborations with partners such as Google Research, which indicate commercial interest rather than just hype. At the same time, Synaptics is still loss making and funding relies heavily on external debt, so the growth story needs to translate into sustainable earnings and stronger cash generation. The pending all-stock acquisition by ON Semiconductor adds another layer, with potential benefits from greater scale but also integration and execution risk that investors may want to monitor closely.

Synaptics sits at the intersection of AI PCs and edge computing, yet the real story may be how its balance sheet and funding mix shape that opportunity. Before the ON Semiconductor deal reshapes the picture, it is worth reading the Synaptics financial health report

Build your own on-device AI shortlist

Synaptics and the two other stocks in this article all surfaced from a single screen, but the real value comes when you tailor the hunt yourself. Use our flexible Screener to mix filters like valuation, growth and balance sheet strength, or jump straight into our curated Investing Ideas for ready made starting points.

Ichor Holdings (ICHR)

Ichor Holdings designs and manufactures the fluid delivery subsystems that sit inside semiconductor production tools, controlling the gases and chemicals used in chip fabrication. The company generates about US$1.0b in revenue from a single segment focused on semiconductor equipment and services, selling primarily to major equipment makers around the world. With a market cap of roughly US$2.6b, Ichor sits in the middle of the supply chain that enables the high performance chips needed to run AI workloads.

Ichor Holdings is closely tied to the build out of AI hardware, which is why Meta’s push into more powerful and locally run AI models matters to you. More AI training and inference capacity requires more advanced fabs, and that can support demand for Ichor’s gas and chemical subsystems as new tools are ordered. At the same time, the company is still working through current losses, thin margins, hiring challenges and a heavier reliance on external borrowing. Analysts see a path to higher earnings and have raised their expectations as 2026 guidance points to stronger revenue and margin progress, but the real question is how this AI driven demand and internal manufacturing ramp translate into durable profitability over the next few years.

Ichor’s AI hardware story is accelerating, yet the real twist sits in the details you probably have not seen. Scan the 3 key rewards and 2 important warning signs and decide whether current losses are hinting at something bigger.

Intapp (INTA)

Intapp is a Palo Alto based software company that builds AI powered workflow tools for professional services firms, from private capital and investment banking to law and accounting. It generates about US$577 million in revenue from its Software and Programming segment, covering products such as DealCloud, compliance and time tracking, plus its Celeste and Assist AI layers that sit across Microsoft 365 and other systems. With a market cap of roughly US$2.9b, Intapp sits firmly in mid cap territory.

Intapp provides focused exposure to applied AI inside high value professional services work, where dealing with complex client data and strict compliance rules is central. The Celeste AI coworker, deep integrations with partners such as Microsoft and Moody’s, and a pipeline of AI enabled products are designed to help manage that complexity and support subscription-based revenue and margin performance. At the same time, Intapp is still reporting losses, carries higher risk funding through external borrowing, and pays its CEO well above peers while the stock has lagged the US market. For investors considering real world AI workflow tools, this is a business where potential opportunities and key questions both remain.

Intapp’s AI story is accelerating, yet the real puzzle is how its losses, funding mix and CEO pay stack up against the opportunity ahead. Read the analysis report for Intapp for the twist investors often miss.

Seeking Alternatives Before The Crowd Moves

Fresh stock ideas do not stay under the radar for long. Momentum builds, prices move, and late entries get caught chasing breakouts. Scan these screens while it matters and act early.

• Target steady income while others focus only on growth and review the 8 dividend fortresses that aims to keep payouts flying even when sentiment drops.
• Spot potential mispricing early and work through the 52 high quality undervalued stocks before these opportunities move from quiet accumulation to full breakout.
• Hunt for quality that still looks overlooked and sort through the 21 high quality undiscovered gems while these stories stay under the radar for now.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com