Why Many Semiconductor Stocks Jumped in January
Many leading semiconductor companies saw their stock prices soar in January 2023, according to data from S&P Global Market Intelligence. For example, Qualcomm (NASDAQ: QCOM) shares gained 19.7%, while Micron Technology (NASDAQ: MU) stock rose by 23.5%. Taiwan Semiconductor (NYSE: TSM) jumped even higher, closing the month's trading 25% higher.
By comparison, the S&P 500 (SNPINDEX: ^GSPC) market index increased by 4.6% in the same 31-day period. That performance was widely hailed as a game-changing jump, but these semiconductor giants posted much stronger gains.
Here are some of the most significant highlights from a long list of market-moving good tidings in January.
Source Fool.com
