Teradyne, Applied Materials, Monolithic Power Systems, Western Digital, and Semtech Shares Skyrocket, What You Need To Know
Shares of Teradyne, Applied Materials, Monolithic Power Systems, Western Digital, and Semtech surged following the de-escalation of the U.S.-Iran conflict. The rally in semiconductor stocks is attributed to the reduced risk of supply chain disruptions, particularly with the reopening of the Strait of Hormuz, crucial for materials used in chip fabrication. Teradyne, in particular, saw an 11.6% jump, reaching a new 52-week high, as the market reacted positively to the improved geopolitical outlook for the semiconductor industry.
https://stockstory.org/us/stocks/nasdaq/ter/news/why-up-down/teradyne-applied-materials-monolithic-power-systems-western-digital-and-semtech-shares-skyrocket-what-you-need-to-know