On July 31, Tower Semiconductor rose 5.33% in pre-market trading, trading at 222.93 USD/share, with turnover of approximately $1.08 million.

On the news front, the semiconductor sector extended its rebound momentum, with industry peers broadly strengthening — Intel up 6.22%, Advanced Micro Devices up 4.48%, Micron Technology up 4.35%, NVIDIA up 1.71%, and Broadcom up 1.31%. The Philadelphia Semiconductor Index had previously pulled back over 20% from its highs, entering a technical bear market, and Tower Semiconductor had retreated from approximately $246 to around $192, making the recent bounce characteristic of an oversold recovery.

Additionally, the company is scheduled to report earnings on August 4. Market consensus expects quarterly revenue of $455 million, representing 22.35% year-over-year growth, with adjusted EPS projected at $0.76, a 67.70% year-over-year increase. The optimistic earnings outlook is providing support to the stock price ahead of the report.

(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.)