Everspin Technologies, Inc. (NASDAQ:MRAM) is one of the Best Small-Cap Semiconductor Stocks to Buy Right Now. Everspin Technologies, Inc. (NASDAQ:MRAM) has gained more than 138% over the past 6 months. The gains have been driven by major US defense contracts and the company’s domestic manufacturing partnerships.
The company, earlier in late April, announced securing a $40 million subcontract spanning over 2.5 years with a US prime contractor. As per the contract, Everspin will provide technology and engineering services for the defense industrial base.
More recently, on June 9, Everspin Technologies, Inc. (NASDAQ:MRAM) announced that the stock is expected to be added to the US small-cap Russell 2000 Index effective June 27, 2026, as part of the annual Russell index reconstitution. MRAM has officially joined the Russell 2000 index.
Management noted that the inclusion is based on membership in the broader Russell 3000 Index, determined by market capitalization and style attributes. Everspin will also be automatically added to relevant growth and value style indexes. The Russell 2000 is widely tracked by institutional investors and index funds, with approximately $12.2 trillion in assets benchmarked against Russell US indexes. Being added broadens the company’s exposure to this large pool of capital.
Everspin Technologies, Inc. (NASDAQ:MRAM) develops and manufactures magnetoresistive random-access memory products for industrial, data center, automotive, aerospace, and other mission-critical applications.
While we acknowledge the potential of MRAM 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: 10 Good Stocks to Invest in Now and 10 Most Undervalued US Stocks According to Hedge Funds.
Disclosure: None. Follow Insider Monkey on Google News.
