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Philadelphia Semiconductor Index Rises Above 10,000 Mark. Texas Instruments up 16% to Record High; Analog Devices up over 5%; Marvell, Intel, Navitas up over 3%.

Tiger Newspress04-23 21:48

Chip stocks continued to rally on Thursday. Philadelphia Semiconductor Index rose 2.12% above 10,000 mark.

Texas Instruments up 16% to record high; Analog Devices up over 5%; Marvell, Intel, Navitas up over 3%.

Texas Instruments forecast second-quarter revenue and profit above Wall Street expectations on Wednesday, anticipating a boost in demand for its analog chips amid the data center boom.

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