Semiconductor Stocks Rally as Allegro's Q4 Beat Ignites AMD, Nvidia and Marvell

Nauman khan

Thu, May 8, 2025, 2:56 PM 1 min read

Shares of Allegro MicroSystems (NASDAQ:ALGM) led a wide rally in spot stocks Thursday aft the company's fourth?quarter results topped forecasts.

ALGM soared much than 12%, buoying instrumentality names arsenic well. Veeco Instruments (NASDAQ:VECO) climbed astir 8% aft its first?quarter gross and net bushed expert expectations.

• Warning! GuruFocus has detected 5 Warning Signs with ALGM.

MKS Instruments (NASDAQ:MKSI) jumped 6% pursuing non?GAAP net of $1.71 per stock and gross of $936 million, some supra consensus. MACOM Technology Solutions (NASDAQ:MTSI) besides surged astir 6% aft its second?quarter results and outlook outpaced estimates.

Major spot makers joined the advance. Intel (NASDAQ:INTC) and Marvell Technology (NASDAQ:MRVL) each roseate astir 4%, portion Analog Devices (ADI), Lattice Semiconductor (NASDAQ:LSCC) and GlobalFoundries (NASDAQ:GFS) added astir 2%. Taiwan Semiconductor Manufacturing (NYSE:TSM) and Texas Instruments (NASDAQ:TXN) gained astir 1% apiece.

In the AI segment, NVIDIA (NASDAQ:NVDA) edged up 1% and Advanced Micro Devices (NASDAQ:AMD) jumped astir 4%. Broadcom (NASDAQ:AVGO) and Qualcomm (NASDAQ:QCOM) each roseate astir 2%.

The sector?wide spot reflects upbeat guidance and robust request crossed semiconductors, sustaining a tech?led marketplace rally.

This nonfiction archetypal appeared connected GuruFocus.