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Why Tower Semiconductor Soared in May
Key takeaways
- TSEM NVDA Shares of specialty semiconductor foundry Tower Semiconductor (NASDAQ: TSEM) rallied 15.5% in May, according to data from S&P Global Market Intelligence.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- In the first quarter, Tower posted revenue growth of 15.6% to $414 million, with adjusted (non-GAAP) earnings per share growing 62.9% to $0.57 per share.
TSEM NVDA Shares of specialty semiconductor foundry Tower Semiconductor (NASDAQ: TSEM) rallied 15.5% in May, according to data from S&P Global Market Intelligence.
Tower delivered strong first-quarter earnings on May 13, and also disclosed that it had received significant orders out to 2028, with customers even pre-paying to secure capacity for Tower s leading silicon photonics technology.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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