Stocks in the semiconductor sector surged following a favorable July inflation report, increasing investor confidence in a potential Federal Reserve interest rate cut in September. The market is pricing in a 96.2% probability of a rate cut, which could benefit growth-oriented sectors like technology and semiconductors. Impinj’s shares rose 15.8% this year, but are still trading below their 52-week high. Investors who bought $1,000 worth of Impinj’s shares 5 years ago would now have an investment worth $7,010. Thematic investing can identify promising growth stories, such as a profitable AI stock available for free.

Read more at StockStory: Universal Display, Impinj, and Lattice Semiconductor Shares Are Soaring, What You Need To Know