AI Semiconductor 'Hidden Beneficiary'... Market Cap Increased by 300 Billion in Just One Day

Arteris Inc. (Nasdaq: AIP), a U.S.–based AI semiconductor system IP company, saw its shares surge 9.49% on the Nasdaq on the 28th, closing at $47.40. Trading volume exceeded 1.02 million shares, and its market capitalization jumped by roughly $229 million to $2.19 billion, swelling by about ₩320 billion in a single day to reach around ₩3 trillion.

The company recently reported its Q1 2026 results and raised its guidance, citing growing AI semiconductor demand. On Wall Street, TD Cowen confirmed Arteris’s growth outlook by raising its price target to $40. () This month, Arteris joined the UALink consortium, which is advancing next-generation high-performance AI network standards, and announced that its Network-on-Chip IP has now been integrated into over 4 billion chips and chiplets, underscoring its expanding technology ecosystem. ()

Headquartered in Campbell, California, Arteris is a fabless system-semiconductor IP firm that designs Network-on-Chip interconnects and SoC integration automation software, licensing these solutions to global semiconductor companies. () Its technology is employed in AI and high-performance computing chip designs across automotive, data center, telecommunications and industrial markets. Without owning any fabs, Arteris has grown its business on a royalty and licensing revenue model.