Shares of Cirrus Logic (NASDAQ: CRUS) have shot up an impressive 25% in the past month amid the broader rally in technology stocks, and this rally isn't surprising considering the terrific fiscal 2023 first-quarter results (for the three months ended June 25, 2022) that were released on Aug. 2. The company, which counts Apple (NASDAQ: AAPL) as its largest customer with 79% of the total revenue last quarter, crushed Wall Street's expectations. Let's see what's working for Cirrus Logic and check why this tech stock remains an attractive bet despite rallying over the past month.
It might be time for investors to turn their attention to the next generation of game-changing companies.
(Bloomberg) -- Trader Joe’s employees at a store in Minneapolis voted to unionize, expanding a foothold at the longtime union-free grocery chain and extending a wave of landmark organizing victories at retail outlets.Most Read from BloombergAnshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59Extreme Heat Uncovers Lost Villages, Ancient Ruins and ShipwrecksTrump Search’s Revelations Open New Political Front for MidtermsAuthor Salman Rushdie Stabbed on Lecture Stage in New York‘Pharma Bro’