Vishay reported first-quarter revenue of $839.2 million, topping analyst expectations.

Shares of the discrete semiconductor and power electronics manufacturer surged nearly 14% on Tuesday morning after the company reported first-quarter revenue of $839.2 million, topping analyst expectations. Vishay also returned to profitability with earnings per share of $0.05, beating consensus estimates, while management guided second-quarter revenue above Wall Street forecasts. The results helped push the stock to a fresh all-time high above $66, extending a remarkable run that has lifted its market capitalization to roughly $8.7 billion. The stock lost the morning momentum and is down around 3% as of 12.30 pm, EST, Tuesday. Still, the stock is up significantly this year and is worthy of a spot in the limelight. While Vishay itself remains a relatively small holding in most semiconductor funds, its rally highlights a broader trend: gains are beginning to spread beyond AI infrastructure leaders and into companies tied to electric vehicles, industrial automation, renewable energy systems and power management technologies. That shift could favor more diversified semiconductor ETFs over funds heavily concentrated in a handful of mega-cap names. Equal-Weight Funds May Benefit The company’s recent momentum has been fueled by improving semiconductor demand, a book-to-bill ratio of 1.34, and a series of new automotive-focused products, including power modules for EV traction inverters and automotive-grade protection devices. Small-Cap ETFs Offer Another Way To Play The Trend Vishay’s surge is also drawing attention to a handful of small-cap ETFs that have exposure to value-oriented and technology-focused companies benefiting from improving semiconductor demand. This trend may become increasingly relevant if market leadership continues to broaden beyond AI infrastructure and into smaller semiconductor and electronics suppliers serving electric vehicles, renewable energy and industrial automation markets. A Broader Semiconductor Rally? For ETF investors, the bigger story may be market breadth. Vishay’s turnaround comes as investors look beyond AI servers and data centers toward the next phase of semiconductor demand growth. If spending on EVs, industrial equipment and energy infrastructure continues to improve, semiconductor ETFs with broader exposure across analog, power and industrial chipmakers could benefit alongside the industry’s largest names. Photo: Bangoland via Shutterstock

Physicists at the University of Oxford show they can assemble Schrödinger’s cat-like superpositions from far more exotic quantum ingredients.

OneAdvanced has launched what it bills as the UK’s first private, sovereign healthcare large language model trained on NHS primary-care data.

Technology shares faltered amid escalating tensions between the U.S. and Iran.