U.S. stock abnormal movement | Q2 net sales hit a record high, SMTC.US surged over 16%

According to the Zhitong Finance and Economics APP, on Tuesday, SMTC.US surged over 16%, reaching a new high in six months, closing at $59.40. On the news front, the company reported record net sales for the second quarter and significantly reduced debt. Analysts believe that its performance has established a favorable position in the high-performance computing solutions field with sustained growth. In addition, the company announced a net sales target of $266 million for the third quarter, driven mainly by strong demand in data centers and LoRa technology.