On July 27, Tower Semiconductor rose 5.63% in pre-market trading, trading at 245.11 USD/share, with turnover of 1.2256 million USD.

The semiconductor sector rallied broadly, while the company's recently announced strategic capacity expansion in Japan continued to boost market sentiment. Tower Semiconductor previously disclosed plans to invest $4 billion over three years — including a $1 billion grant from the Japanese government — to significantly expand 300mm silicon photonics, silicon germanium, and advanced packaging production capacity. The company simultaneously raised its business model targets to $3.6 billion in revenue and $1.2 billion in net profit by 2028, up from prior targets of $2.8 billion and $750 million respectively. Subsequently, Wedbush issued a research note highlighting the stock as undervalued, noting the silicon photonics expansion would unlock AI infrastructure growth opportunities.

Within the Semiconductors sector, the overall sector traded higher. Among individual stocks, Micron Technology up 3.41%, NVIDIA up 1.15%, Intel up 2.83%, Advanced Micro Devices up 2.79%, Broadcom up 2.19%.

(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.)