🟢 Tower Semiconductor is trading 6.57% up today after record Q2 revenue and record Q3 guidance

Tower Semiconductor is trading 6.57% up at $225.01 after investors continued to respond positively to its August 4 earnings report.

• Q2 revenue reached record $460 million; Q3 guidance calls for record $520 million, up 31% year over year.
• Silicon photonics targets a $1 billion annual run rate, strengthening the AI-infrastructure growth outlook; the broader semiconductor sector is under pressure on August 6, making the gain company-driven.
• Elevated activity reverses much of August 5’s decline.