Why Entegris Inc. (ENTG) Went Up On Wednesday?

We recently published a list of 10 Stocks Bolstered by Broader Market Cheer. In this article, we are going to take a look at where Entegris Inc. (NASDAQ:ENTG) stands against other stocks that bolstered by broader market cheer.

The stock market bounced back from hefty losses on Wednesday, with all Wall Street indices finishing in the green territory after President Donald Trump announced that the US would pause the imposition of higher tariffs on 75 countries for 90 days.

In a post on Truth Social, Trump said that more than 75 countries have called to negotiate and have not retaliated in any way.

“I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” he noted.

Following the announcement, the Dow Jones jumped by 7.87 percent, the S&P 500 surged by 9.52 percent, and the tech-heavy Nasdaq soared by 12.16 percent.

Indices aside, 10 companies led the charge, predominantly those with a high international trade exposure.

In this article, we listed Wednesday’s 10 best-performing stocks and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

A technician in a specialized cleanroom suit, preparing a microcontamination control pipeline.

Entegris Inc. (NASDAQ:ENTG)

Entegris Inc. saw its share prices jump by 24.73 percent on Wednesday to end at $78.48 each as investor optimism was fueled by President Donald Trump’s decision to pause taxes on US imports.

ENTG, which has manufacturing and research facilities in various countries across North America, Europe, and Asia, is set to benefit from the 90-day tariff pause as it would help provide short-term stability to the semiconductor market and smooth out any pricing pressures and operational challenges from the tariffs.

Entegris is a leading supplier of advanced materials and process solutions for the semiconductor, life sciences, and other high-tech industries. This includes solutions such as purifying filters, liquid systems, gas systems, and advanced liquid, gaseous, and solid precursors, among others.

Overall, ENTG ranks 7th on our list of stocks that bolstered by broader market cheer. While we acknowledge the potential of ENTG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ENTG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.