These 10 Companies Led Tuesday’s Charge

3. Lattice Semiconductor Corp. (NASDAQ:LSCC)

Shares of Lattice rose for a second consecutive day, adding 7.66 percent to finish at $58.64 apiece as investors reacted positively to news of the US government’s support to bolster local semiconductor manufacturing.

LSCC traded higher in line with its peers after US Vice President JD Vance highlighted the importance of semiconductor manufacturing, particularly domestic production, to enhance US competitiveness and technological leadership.

In his speech at an AI summit in Paris, France, Vance underscored that the US will safeguard American AI and chipmakers from “theft and misuse” by its “adversaries.”

Vance’s comments fueled optimism for semiconductors as a whole, including LSCC, which specializes in the design and manufacturing of low-power field-programmable gate arrays.

“We will…work with our allies and partners to strengthen and extend these protections and close pathways to adversaries attaining AI capabilities that threaten all of our people,” Vance said in his speech. “Some authoritarian regimes have stolen and used AI to strengthen their military intelligence and surveillance capabilities, capture foreign data, and create propaganda to undermine other nations’ national security.”