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Why Tower Semiconductor Stock Climbed Today

TheMotleyFool

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Why Tower Semiconductor Stock Climbed Today: https://g.foolcdn.com/editorial/images/869908/artificial-intelligence-gettyimages-1484192634.jpg

Shares of Tower Semiconductor (NASDAQ: TSEM) spiked on Wednesday after the Israel-based provider of specialty foundry services issued an upbeat growth forecast.

Image source: Getty Images.

Tower's revenue rose 15% year over year to $414 million in the first quarter.

Source Fool.com