Semtech closed up about 9% on Wednesday.
The trigger: Q2 revenue and EPS came in above consensus, and Q3 EPS guidance of $1.02-$1.08 was ahead of estimates. Management pointed to strength in Data Center and LoRa.
→ Why it moved: https://marketchacha.com/movers
This article is for educational and informational purposes only. It is not financial advice, investment recommendation, or a solicitation to buy or sell securities. Investing involves significant risks. I am not a SEBI-registered investment advisor. Readers should consult their own financial advisor and conduct their own research before making any investment decisions.
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