Why Silicon Motion Technology Stock Skyrocketed This Week
Silicon Motion Technology (NASDAQ: SIMO) stock had a monster week on the market. The company's share price ended the period up 52.8% thanks to a blockbuster quarterly report.
Silicon Motion published its first-quarter results on April 29, kicking off a massive rally for the stock. The company's Q1 sales and earnings came in far better than anticipated, and its forward guidance suggests that the winning streak is poised to continue.
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Source Fool.com
