Nordic Semiconductor shares surge on stronger Q3 guidance

Nordic Semiconductor ASA

08/08/2024 08:25

** Shares of Nordic Semiconductor  NOD.OL  rise 7% after the
Norwegian fabless chip maker published a better-than-expected Q3
guidance
    ** Jefferies says the group's July-September revenue of
$130-150 million beats consensus by around 10%
    ** Nordic Semiconductor said it sees underlying demand
improvements among key customers and design activity picking up
across its customer base 
    ** Jefferies added that it sees plenty scope for upgrades,
as demand for Nordic's chips continues to strengthen
    ** The stock is on track for its best day since April 
    

 (Reporting by Jesus Calero)
 ((Jesus.calero@thomsonreuters.com))