On May 26, Power Integrations rose 16.56% in regular trading, trading at $82.69/share, with trading volume of $212 million. The rally was driven by a broad-based surge among semiconductor companies with significant business exposure in Asian markets.

On the news front, semiconductor stocks with Asian market operations rallied sharply in a sector-wide linkage move. United Microelectronics ADR gained 16%, ACM Research rose 14%, Wolfspeed climbed 9.1%, and Navitas Semiconductor advanced 11%. Power Integrations, which specializes in high-voltage power conversion analog and mixed-signal ICs, derives a significant portion of its revenue from Asian markets where its products are widely used in industrial motors, consumer appliances, mobile devices, EV AC-DC power supplies, solar and wind energy systems, and high-voltage gate driver applications.

Within the Semiconductors sector, Micron Technology led with a 20.96% gain, while Advanced Micro Devices rose 6.82%, Marvell Technology gained 5.91%, and Intel advanced 2.03%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)