Tower Semiconductor Posts Upbeat Earnings, Joins Nutex Health, Kornit Digital, Tencent Music Entertainment And Other Big Stocks Moving Higher On Wednesday

Benzinga
2025.05.14 16:04
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U.S. stocks rose on Wednesday, with the Nasdaq Composite gaining about 100 points. Tower Semiconductor's shares surged 6.7% to $42.76 after reporting a 9% year-on-year revenue growth of $358.17 million and an adjusted EPS of 45 cents, exceeding estimates. Other notable gainers included Nutex Health, Kornit Digital, and Tencent Music, all reporting better-than-expected financial results. Overall, several stocks saw significant increases, reflecting positive market sentiment and strong earnings reports.