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Tower Semiconductor Posts Upbeat Earnings, Joins Nutex Health, Kornit Digital, Tencent Music Entertainment And Other Big Stocks Moving Higher On Wednesday
Benzinga·05/14/2025 16:04:29
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U.S. stocks were higher, with the Nasdaq Composite gaining around 100 points on Wednesday.
Shares of Tower Semiconductor Ltd. (NASDAQ:TSEM) rose sharply during Wednesday's session following better-than-expected quarterly results.
Tower Semiconductor reported a quarterly revenue growth of 9% year-on-year to $358.17 million, compared to the analyst consensus estimate of $358.15 million. The Israel-based contract chipmaker's adjusted EPS of 45 cents beat the analyst consensus estimate of 38 cents.
Tower Semiconductor shares jumped 6.7% to $42.76 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Regencell Bioscience Holdings Limited (NASDAQ:RGC) shares jumped 28.1% to $400.00.
- Nutex Health Inc. (NASDAQ:NUTX) gained 28.1% to $161.34 after the company reported better-than-expected first-quarter financial results.
- Everus Construction Group, Inc. (NYSE:ECG) rose 23.7% to $63.62 after the company reported better-than-expected first-quarter financial results.
- Rigetti Computing, Inc. (NASDAQ:RGTI) jumped 20.1% to $11.85.
- LuxExperience B.V. (NASDAQ:LUXE) gained 19.2% to $10.61 after the company reported third-quarter financial results and beat its adjusted EPS and revenue estimates.
- Kornit Digital Ltd. (NASDAQ:KRNT) rose 19.1% to $22.92 after the company reported better-than-expected first-quarter adjusted EPS results.
- Super Micro Computer, Inc. (NASDAQ:SMCI) gained 18.2% to $45.97 after the company announced improvements to its DLC-2 direct liquid cooling solutions and a deal with Saudi Arabian data center company DataVolt.
- NeuroPace, Inc. (NASDAQ:NPCE) gained 18% to $15.28 after the company reported better-than-expected quarterly financial results and raised its FY25 sales guidance.
- Oklo Inc. (NYSE:OKLO) rose 17% to $37.47 following first-quarter results.
- Reddit, Inc. (NYSE:RDDT) gained 14.4% to $129.06.
- Tencent Music Entertainment Group (NYSE:TME) gained 14.1% to $16.75 following first-quarter results.
- Rocket Lab USA, Inc. (NASDAQ:RKLB) gained 9.1% to $23.81.
- Liberty Global Ltd. (NASDAQ:LBTYA) rose 8.7% to $9.87.
- PVH Corp. (NYSE:PVH) gained 8.5% to $87.36. Jefferies analyst Ashley Helgans upgraded PVH from Hold to Buy and raised the price target from $70 to $105.
- Wingstop Inc. (NASDAQ:WING) rose 7.1% to $306.51. Wells Fargo, B of A Securities and TD Securities raised their price targets on the stock.
- SoundHound AI, Inc. (NASDAQ:SOUN) gained 6.6% to $12.00.
- Affirm Holdings, Inc. (NASDAQ:AFRM) rose 6.1% to $57.24 after the company was named the pay-over-time provider for Costco.com in the US.
- Tesla, Inc. (NASDAQ:TSLA) gained 4.1% to $347.60. Tesla is reportedly preparing to restart the shipping of components from China to the U.S. for the production of its Cybercab and Semi trucks. This move follows a recent truce over tariffs between the U.S. and China.
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Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
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