August 8: Semiconductor stocks collectively rose; ONTO jumped 15%, MCHP rose 14%, and TSEM gained 12% to lead the pack. ONTO, MCHP, and TSEM led the gains.
ONTO reported Q2 results that beat expectations. Revenue hit a record high. Demand for AI-driven advanced packaging boosted backlog orders to more than $1.1 billion, and the company raised its guidance for the second half of the year.
MCHP: Q1 net sales increased 13.2% quarter-over-quarter and surged 38% year-over-year; gross margin reached 63.8%. The data center business performed particularly well. T
TSEM was covered by BofA for the first time and given a “Buy” rating. Its target price is far above the current share price, reflecting its leading position in the manufacturing of AI data center silicon photonics chips.
Market reaction: Driven by earnings and the rating catalyst, ONTO rose 15%, MCHP gained 14%, and TSEM climbed 12%, with clear inflows into the semiconductor sector.
ONTO reported Q2 results that beat expectations. Revenue hit a record high. Demand for AI-driven advanced packaging boosted backlog orders to more than $1.1 billion, and the company raised its guidance for the second half of the year.
MCHP: Q1 net sales increased 13.2% quarter-over-quarter and surged 38% year-over-year; gross margin reached 63.8%. The data center business performed particularly well. T
TSEM was covered by BofA for the first time and given a “Buy” rating. Its target price is far above the current share price, reflecting its leading position in the manufacturing of AI data center silicon photonics chips.
Market reaction: Driven by earnings and the rating catalyst, ONTO rose 15%, MCHP gained 14%, and TSEM climbed 12%, with clear inflows into the semiconductor sector.
