Semi-test and photonics names are lighting up this earnings season: $AEHR ran from $72 to $110 (+50%), $TER +30%, $COHU +20%, $FORM +16.6%. $MXL, $AXT and $FORM's numbers all point to optical module demand running ahead of what suppliers guided for, which is the read-through that actually matters here. $VIAV reports after the close tonight, and given how the whole group's trading plus what they said last quarter, it'd be a surprise if it bucked the trend.
Aggregated and distilled by Two Sentence Traders. Not financial advice.