Alpha and Omega Semiconductor Stock Has Doubled This Year. Is It Still a Buy?

Alpha and Omega Semiconductor's stock has doubled in 2026 as investors recognize its growing exposure to AI infrastructure through its advanced computing segment, which grew over 40% year-over-year and now represents 12.3% of total revenue. However, most other business segments declined, and the company expects only low-to-mid single-digit sequential growth in its computing segment for Q4, suggesting meaningful AI-driven growth may still be months away.