AOSL - Alpha and Omega Semiconductor: What Is Driving The Rally Higher

2024-07-17 01:13:08 ET

Summary

• The stock is in the midst of a massive turnaround after a long decline, and there are a couple of catalysts that made it possible.
• Alpha and Omega Semiconductor was impacted by a downturn, but it appears AOSL is past the trough, which helped trigger the rally in the stock.
• The rally shifted into higher gear on reports that suggest the Company deserves to be labeled an AI play as a supplier to the leading AI stock.
• The stock is way overbought, which may trigger a correction, but AOSL has the backing of several tailwinds to take it higher.

...

For further details see: