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CEVA, Inc. (NASDAQ:CEVA) is included in our list of the 11 most oversold semiconductor stocks to buy now.
Amid its connectivity portfolio advancements, on March 10, 2026, CEVA, Inc. (NASDAQ:CEVA) introduced its Ceva-Waves UWB IP, describing it as the industry’s first IEEE 802.15ab-compliant Ultra-Wideband intellectual property solution. The technology delivers up to 30x stronger ranging capabilities and data rates that are 4x faster than prior versions.
The solution utilizes multi-millisecond ranging techniques that fuse UWB-based and narrowband-assisted architectures, while retaining backward compatibility with IEEE 802.15.4z deployments and including support for enhanced sensing and data communications features introduced with the IEEE 802.15.4ab standard.
While discussing the growing industry demand for ultra-wideband technology, the company cited data from ABI Research, which indicates that UWB shipments surpassed 563 million units in 2025 and are expected to exceed 1.4 billion units annually by 2030. In the early phases, Ceva Inc. is working with LitePoint to design test and measurement solutions for the IEEE 802.15.4ab standard. With this, CEVA, Inc. (NASDAQ:CEVA) aims to ensure interoperability and speed up time-to-market for device manufacturers. The technology supports applications in secure access, positioning, radar sensing, and data communications across consumer, automotive, and industrial systems.
CEVA, Inc. (NASDAQ:CEVA) delivers silicon and software IP that facilitates smart edge devices to connect, sense, and process data. Established in 1999, the company is based in Rockville, Maryland.
While we acknowledge the potential of CEVA 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. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.