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Stock impact report

Tower Semiconductor Adapts To Nvidia's Architectural Shift, Analyst Sees Growth In AI Optical Networks [Yahoo! Finance]

Tower Semiconductor Ltd. - Ordinary Shares (TSEM) 
Last tower semiconductor ltd. - ordinary shares earnings: 2/18 04:06 am Check Earnings Report
US:NASDAQ Investor Relations: ir.towerjazz.com
Company Research Source: Yahoo! Finance
Tue, February 11, 2025 at 8:34 PM GMT+1 4 min read In This Article TSEM Tower Semiconductor Adapts To Nvidia's Architectural Shift, Analyst Sees Growth In AI Optical Networks Benchmark analyst Cody Acree reiterated Tower Semiconductor (NASDAQ: TSEM ) with a Buy and a $60 price target Tower Semiconductor reported fiscal fourth-quarter revenue growth of 10% to $387.19 million, marginally beating the analyst estimate of $387.13 million. The adjusted EPS of $0.59 beat the consensus estimate of $0.52. Led by continued AI Data Center strength in its RF Infrastructure business, which grew 126% year over year, Tower Semiconductor turned in solid overall results that aligned with Street revenue expectations and were $0.04 above the consensus earnings estimates. After starting the year at the company's cyclical trough quarter, Tower Semiconductor delivered increasingly encouraging results as the year progressed. It ended on a high note, posting 5% sequential and 10% annual reve Show less Read more
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