BE Semiconductor Rises as AI Demand Drives Earnings Rebound
The BE Semiconductor Industries booth at the Semicon Taiwan exhibition show.
Photographer: I-Hwa Cheng/BloombergThis article is for subscribers only.
BE Semiconductor Industries NV shares jumped after fourth-quarter revenue rose 16%, snapping six quarters of falling sales, as demand from artificial intelligence customers eclipsed persisting weakness in other pockets of the industry.
The stock rose as much as 18% to €182.90 in Amsterdam trading, the biggest jump in more than eight years. Revenue reached €159.6 million ($173 million), while net income jumped 37% to €54.9 million from a year earlier, the company said in a statement.