Shares rose 3.83% to $303.55 on Wednesday, their second straight gain, beating the previous $299.80 peak set on 4 May.
The stock outperformed Qualcomm, Texas Instruments and Analog Devices, whose shares also rose, while trading volume reached 4.4 million versus a 50-day average of 3.1 million.
The move came during a broad market rally, with the S&P 500 up 1.46% and the Dow Jones Industrial Average gaining 1.24%.
As AI transforms the chip industry, can NXP's automotive focus truly compete with the data center giants long-term?
With its new European fab, is NXP securing its supply chain or entering a new geopolitical battlefield?
NXP is betting on software-defined vehicles. What happens if consumer adoption of these complex, connected cars falters?