Shares across the technology industry may be set to rise this week as software, hardware, and semiconductor companies prepare to pique the interests of investors at both the Global Artificial Intelligence Conference (GAIC) in Santa Clara, California, and the 20th Annual Needham Growth Conference in New York. The conferences, which take place Wednesday 17th – Friday 19th, will see companies take to the stage to discuss industry developments and introduce their new technology related to a number of critical topics which will affect the technology markets in 2018.
So who should we keep an eye on? There are hundreds of companies in attendance, with some truly big names among them: Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB) to name a few. But it will be more interesting to take a look at the smaller, up-and-coming companies who are determined to make a bigger name for themselves. In doing so, you might be able to lay down some eagle-eyed investments.
Our top three micro-cap tech names to look out for this week:
GSI Technology (NASDAQ:GSIT):
Market cap: $171.8m
Up/down today: -1.21%
This time last year: $6.10
Now (12:27 PM EST): $8.15
% growth: 33.6%
Offering what they say is ‘the largest high-performance memory product portfolio in the market’, GSI Technology is a small dog with a big bite. Specialising in high-end semiconductor memory technology including SRAM and LLDRAM, GSI has supplied their products to clients from medical, automotive and military backgrounds since 1995.
They are expected to introduce their Associative Processing Unit (APU) chip at the conference this Wednesday, which, they say, ‘can learn efficiently using only a few examples per object’ like a human brain. In addition to speaking at the GAIC, they are presenting at the 20th annual Needham Growth Conference in New York, which also takes place on Wednesday 17th. Speakers at Needham will be CEO Lee-Lean Shu and Vice President of Sales Didier Lasserre at 5:30 pm ET. Watch it here (you’ll need to register). With the chance to talk to two conference-loads of potential investors in one day, you might want to keep an eye on GSI Technology’s share prices over the week!
KVH Industries, Inc. (NASDAQ:KVHI):
Market cap: $193.3m
Up today: 1.35%
This time last year: $10.75
Now (12:42 PM EST): $11.30
% growth: 5.11%
KVH Industries may not have seen the largest growth recently but this could well be set to change. Just today the company, which specialises in high-performance inertial sensors for defence and commercial guidance systems, announced a $5.8m order of its Fibre-Optic Gyro technology as well as a $2.5m development contract from a U.S. defence contractor. KVH also provides high-speed internet and media to industries such as maritime, retail and leisure. CEO Martin Kits van Heyningen and CFO Donald Reilly will be presenting at the Needham Growth Conference this Wednesday, at 4:10 pm ET. It can be watched here.
Boingo Wireless, Inc. (NASDAQ:WIFI):
Market cap: $910m
Up/down today: -1.93%
This time last year: $12.24
Now (12:33 PM EST): $21.90
% growth: 78.9%
Aside from securing the ‘WIFI’ trading symbol (how did no-one do that sooner?), Boingo Wireless has made impressive developments in the last few years, becoming one of the leading providers of WiFi and distributed antenna systems (DAS). They reach around one billion people annually with their indoor connection services, operating at airports, military bases, and stadiums. Having seen such promising growth over the last year, Boingo is certainly in a position to give advice at the Needham Growth Conference this week, and this should impress investors. The presentation will be delivered by CEO David Hagan and CFO Peter Hovenier at 11:20 am ET and can be watched here.
Featured Image: depositphotos/nevarpp
