SiTime Shares Rise on Earnings Beat and Guidance Raise
Shares of SiTime (NASDAQ: SITM) surged over 25% after the company reported an earnings beat with first-quarter revenue growing by 88.3%. The precision timing oscillator maker raised its full-year guidance to at least 80% growth, driven by increased demand from AI-related applications.
Tickers: $SITM
Topics: AI hardware GPU synchronization oscillators semiconductors