Reported 1 day ago
Infineon's shares jumped 11% after the German semiconductor manufacturer provided an optimistic full-year revenue outlook, outperforming expectations in its quarterly results. This uplift contrasts with other microchip producers facing downturns, particularly in automotive and industrial sectors. Analysts noted that Infineon's performance alleviated fears regarding declining automotive demand, anticipating stable revenue for the automotive segment and significant growth in the Power & Sensor divisions, driven by AI server products.
Source: YAHOO