Renesas stock price jumps again as $3 billion SiTime deal keeps traders hooked on 6723
Renesas Electronics climbed 6.9% to close at 2,957.5 yen on Friday, wrapping up a two-day surge that pushed the shares roughly 15% higher for the week.
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Shares of SiTime Corporation skyrocketed Thursday, with the Santa Clara chipmaker posting a big first-quarter revenue gain and boosting its full-year forecast. That was enough to catapult this niche timing component supplier into the top ranks among AI infrastructure stocks for the session. The stock finished up 27.9% at $797.31, logging a fresh intraday record, according to Investor’s Business Daily.
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