Soitec shares rise after lifted current-quarter revenue guidance
Soitec said it lifted its revenue guidance for the current quarter, citing strong demand for its products as AI infrastructure buildout continues. Shares climbed after the late Wednesday update.
By Mauro OrruSoitec shares climbed after the French semiconductor-materials maker lifted its revenue guidance for the current quarter as the race to build artificial-intelligence infrastructure continues to fuel demand for its products.The group said late Wednesday that it expected year-on-year rev…