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Power Integrations Inc. (NASDAQ:POWI) is one of the 10 Stocks With Double-, Triple-Digit Returns.

Power Integrations climbed by 25.39 percent week-on-week, as investors increased their positions ahead of the results of its earnings performance for the first quarter of the year.

In a notice to investors, Power Integrations Inc. (NASDAQ:POWI) said that it is set to release its financial and operating highlights after market close on Thursday, May 7. A conference call will be held to elaborate on the results.

Photo by RDNE Stock Project on Pexels

The company earlier issued a weak outlook for the said period, with revenues expected to be at $104 million to $109 million, or a 1.4 percent dip to a growth of 3.3 percent from the $105.5 million in the same period last year.

However, investors remained confident about its business prospects amid the strong demand from data center and high-performance computing (HPC) players, propelling its share prices during the week.

Power Integrations Inc. (NASDAQ:POWI)  is engaged in the production of high-power voltage power conversion, which helps improve energy efficiency in electronics by enabling efficient AC-DC conversion.

Earlier, it announced the development of PowiGan gallium-nitride (GaN) technology for next-generation power architectures, which aims to cater to the AI data center market.

Apart from AI, its products are also used in various sectors such as appliances, motors, and renewable energy systems, among others.

While we acknowledge the potential of POWI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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