We recently published a list of These 10 Companies Led Tuesday’s Charge. In this article, we are going to take a look at where Lattice Semiconductor Corp. (NASDAQ:LSCC) stands against other companies that led Tuesday’s charge.
Wall Street’s main indices finished mixed on Tuesday, with the Nasdaq as the sole loser, as investors largely brushed off President Donald Trump’s tariff threats in hopes that countries would eventually reach a negotiated settlement.
Additionally, investors cheered signals from the Federal Reserve that a rate interest cut was not imminent, saying it would wait as necessary before implementing any rate adjustments.
The Dow Jones eked out a 0.28 percent gain, while the S&P 500 inched up 0.03 percent. The tech-heavy Nasdaq dropped 0.36 percent.
Ten companies on Tuesday led the charge amid a flurry of positive news sparking buying appetite. This article detailed the reasons behind their performance.
To come up with Tuesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A row of robotic arms in a factory, assembling semiconductor products.
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.”
Overall, LSCC ranks 3rd on our list of companies that led Tuesday’s charge. While we acknowledge the potential of LSCC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as LSCC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
