Tower Semiconductor is trading 5% up now at $264, driven by record second-quarter revenue of $460 million.
- The move extends a post-earnings rally following third-quarter guidance of $520 million and sharply higher long-term targets.
- It rose 12.37% to $252.49 on August 7.
- Investor optimism is reinforced by expectations that silicon-photonics capacity will ramp faster than anticipated, supporting AI-infrastructure demand.