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Save your seatTSEM ran from roughly $184 in late April to about $288 by May 22 after a strong Q1 beat, record Q2 guidance, and more silicon photonics and AI infrastructure wins.
The stock has the potential to go down if it loses $245, which could open a retrace toward the $225 to $210 zone. Any slip in AI infrastructure demand, slower fab ramp execution, or softer commentary around customer prepayments would likely speed up that downside.
If TSEM holds the $245 to $255 area, a move back toward $285 to $300 is on the table. Resistance near $272 is the first hurdle, and follow-through likely needs volume plus more proof that silicon photonics demand is staying strong.
We don't currently have information about Tower Semiconductor Ltd.'s earnings.