Lands AI Licensing Deal for Custom Silicon ProgramCEVA said Monday it signed an AI licensing agreement with a major U.S. software and AI platform company for a custom AI silicon program targeting next-generation intelligent computing devices.The customer selected CEVA’s NeuPro-M neural processing unit (NPU) IP to power on-device AI inference, including generative AI, multimodal AI and agentic AI workloads.CEVA said the deal expands its customer base beyond semiconductor companies and device makers to software platform companies developing custom chips for improved performance, power efficiency and user experience.The company also collaborated with the customer on neural network optimizations to improve inference efficiency and performance.Technical Analysis: Key Levels And MomentumCEVA has shown strong performance over the past year, with shares up nearly 84% in the last 12 months. Currently, the stock is trading at $43.81, which is about 5.5% below its 20-day simple moving average (SMA) of $45.23 but 7.9% above its 50-day SMA of $39.60. The 100-day SMA stands at $29.97, indicating a robust upward trend over a longer timeframe.The Relative Strength Index (RSI) currently sits at 45.32, suggesting a neutral momentum, which means the stock is neither overbought nor oversold at this time. This level indicates that there may be room for further upward movement if buying pressure increases. The recent golden cross, where the 50-day SMA crossed above the 200-day SMA in May, adds a bullish sentiment to the technical outlook.