FormFactor experienced significant upward momentum following a bullish analyst initiation from Deutsche Bank, which established a Buy rating and a premium price target. The primary catalyst behind the market enthusiasm is the confirmation that FormFactor has secured a position as a second qualified probe-card supplier for Nvidia graphics processing units manufactured at TSMC. This strategic placement expands the company’s total addressable market within high-performance artificial intelligence hardware, as logic probe card demand scales alongside advanced GPU manufacturing.

Wall Street projections highlight that initial sales tied to this supplier relationship are expected to begin materializing in the second half of the year, with a…