Investors chasing semiconductor-sector gains have spent the past two years focused on artificial intelligence giants such as Nvidia Corp (NASDAQ:NVDA) and Broadcom, Inc (NASDAQ:AVGO).
But a 300% year-to-date rally in Vishay Intertechnology Inc (NYSE:VSH) suggests a different corner of the chip market may be emerging as an ETF opportunity.
Shares of the discrete semiconductor and power electronics manufacturer surged nearly 14% on Tuesday morning after the company reported first-quarter revenue of $839.2 million, topping analyst expectations.
Vishay also returned to profitability with earnings per share of $0.05, beating consensus estimates, while management guided second-quarter revenue above Wall Street forecasts.
The results helped push the stock to a fresh all-time high above $66, extending a remarkable run that has lifted its market capitalization to roughly $8.7 billion.
