On July 31, TTM Technologies Inc rose 7.91% in regular trading, trading at $120.59/share, with turnover of $54.06 million. The stock continued its recovery momentum as the broader AI hardware sector entered a repair channel following a significant multi-day selloff.
On the news front, the stock had previously declined sharply alongside the AI hardware sector. Investment bank Stifel noted in a prior report that the recent sector selloff should be viewed as a rational valuation correction rather than a demand weakness signal, and identified TTM Technologies Inc as a representative name where valuation had been substantially compressed. Additionally, the company is scheduled to report earnings on August 5 after market close, with consensus expectations calling for revenue of $962 million, up 43.91% year-over-year, and adjusted EPS of $0.90, up 71.25% year-over-year, providing further support to the share price.
Within the Electronic Manufacturing Services sector, peers also posted gains: Sanmina up 5.74%, Flex Ltd up 3.81%, Jabil Circuit up 3.14%, Fabrinet up 2.64%, and Celestica up 1.96%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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