NXP and Seagate shares surge on strong earnings, driving semiconductor sector rebound
Updated
Updated · MarketWatch · Apr 29
NXP and Seagate shares surge on strong earnings, driving semiconductor sector rebound
14 articles · Updated · MarketWatch · Apr 29
NXP shares jumped over 23% and Seagate rose more than 14% on Wednesday, boosting the PHLX Semiconductor Index by 2%.
Both companies reported strong earnings fueled by AI data-center demand and rising prices, with NXP guiding for over $500 million in data-center revenue this year.
The rally lifted other chipmakers like Micron and Western Digital, signaling renewed optimism after recent sector declines and marking NXP’s best month since 2010.
After a major downgrade, NXP posted record results. What did the bears miss?
Is NXP's auto chip boom a true recovery or just temporary inventory restocking?
With chip lead times doubling, are software-defined cars about to get more expensive?
Can NXP's growth survive if US policies restrict Dutch tech exports to China?
As AI consumes most memory chips, can automotive suppliers like NXP still thrive?