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Why FormFactor Stock Exploded Higher Today

TheMotleyFool

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Why FormFactor Stock Exploded Higher Today: https://g.foolcdn.com/editorial/images/840492/woman-in-lab-coat-tests-semiconductor-chips-on-a-circuit-board.jpg

Here in the middle of the artificial intelligence (AI) revolution, semiconductor stocks are red-hot -- and of the reddest, hottest semiconductor stocks on the market today is (NASDAQ: FORM), a maker of probe cards and other equipment for testing the quality of manufactured chips.

FormFactor stock is flying today -- up 23.6% through 1:15 p.m. ET -- after the company beat on earnings last night. Analysts forecast FormFactor to earn just $0.25 per share on $200 million in third-quarter revenue, but FormFactor actually earned $0.33 per share on sales of $202.7 million.

Image source: Getty Images.

Source Fool.com