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.
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For further details see:
Alpha and Omega Semiconductor: What Is Driving The Rally Higher