2 months ago
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February 5, 2025 at 3:49 AM EST
Nordic Semiconductor ASA shares rose after the Norwegian chipmaker said it sees a “gradual recovery” in all end markets and gave first-quarter revenue guidance that exceeded expectations.
The stock rose as much as 16% in Oslo. The company expects first-quarter sales of between $140 million and $160 million, compared with the $119.4 million analyst estimate, it said in a statement.
