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Semiconductor stocks rebound strongly on upbeat reports from Seagate and NXP.

Market News
29 Apr 2026
Market Watch
View Source
Bullish
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Shares in semiconductor companies surged after positive earnings and outlooks from Seagate Technology and NXP Semiconductors. NXP's stock rose over 23%, Seagate's by more than 14%, with other memory and storage firms like Western Digital, Sandisk, and Micron also seeing notable gains. This rally reflects renewed investor confidence in the semiconductor sector's growth prospects. The momentum could continue if upcoming earnings reports maintain this optimistic trend.

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