Tower Semiconductor stock soared 18.1% after a strong quarterly report, defying chip stock trends and Nasdaq Composite declines. Q3 earnings beat expectations with $0.47 EPS and $396 million in sales, up 7% YoY. Gross profit rose to $93 million. Operating cash flow hit $139 million. Q4 guidance targets $440 million in sales, showing 14% annual and 11% quarterly growth. Tower Semiconductor sees growth in power management, image sensors, and 65nm RF mobile segments, with rising demand from AI data centers. Despite this, Motley Fool’s Stock Advisor did not include Tower Semiconductor in their top 10 stock picks.

Read more at Yahoo Finance: Why Tower Semiconductor Stock Skyrocketed This Week