Why FormFactor Stock Is Skyrocketing Today
FormFactor's latest quarterly report was a winner, but that's not the only reason the stock is surging.
Overview
FormFactor (NASDAQ: FORM) stock is posting massive gains in Thursday's trading. The company's share price was up 26.6% as of noon ET. Meanwhile, the S&P 500 was up 1.1%, and the Nasdaq Composite had risen 2.3%.
FormFactor released its second-quarter report after yesterday's market close, and the company delivered better-than-expected sales, earnings, and forward guidance. The company's valuation is also rising thanks to a rebound in the artificial intelligence (AI) chip trade.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.