Reported about 2 months ago
Cirrus Logic, a semiconductor company known for supplying chips to Apple, has seen a 69% increase in its stock value this year, significantly outperforming the broader Nasdaq-100 Technology Sector. The company reported strong fiscal results, with an 18% revenue increase and a 67% jump in earnings. Analysts expect continued growth fueled by Apple’s upcoming AI-enabled iPhones, positioning Cirrus for potential market outperformance as demand for AI technologies rises.
Source: YAHOO