Power Integrations (POWI) Rises 25% Ahead of Earnings Release
Power Integrations (POWI) shares surged 25.39% week-on-week as investors anticipated its first-quarter earnings report, scheduled for May 7. The company provided a cautious revenue outlook, expecting a slight decline or modest growth compared to the previous year, but strong demand in data centers and HPC markets has bolstered investor confidence.
Tickers: $POWI
Topics: earnings report investor sentiment market anticipation stock price movement