TD Cowen Reiterates 'Buy' Rating on SkyWater Technology, Inc. (SKYT)

SkyWater Technology, Inc. (NASDAQ:SKYT) is one of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.

On August 7, 2025, TD Cowen analyst Krish Sankar reiterated its Buy rating on SkyWater Technology, Inc. (NASDAQ:SKYT), citing confidence spurred by the company’s revolutionary Fab 25 agreement with Infineon. The arrangement is intended to create consistent free cash flow, thereby improving financial stability and facilitating investments. Sankar also highlighted SkyWater’s revenue estimate for 2026, which greatly exceeds market expectations, as well as the potential benefits of U.S. Section 232 tariffs, which could drive domestic semiconductor production.

These elements, together with improved gross margins and disciplined operating expenses, support a positive long-term outlook for SkyWater Technology, Inc. (NASDAQ:SKYT). The analyst sees the company as a significant benefactor of strategic collaborations and favorable policy tailwinds.

SkyWater Technology, Inc. (NASDAQ:SKYT) is a U.S.-based pure-play semiconductor foundry that develops, manufactures, and packages innovative microelectronics for the aerospace, defense, automotive, bio-health, and industrial applications. It is one of the Best Quantum Computing Stocks.

While we acknowledge the potential of SKYT 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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Disclosure: None.