Why Sanmina Stock Rocketed Almost 26% Higher on Monday

On the stock market, it often helps to be associated in some way with a company that pops with investors. So it was with electronics manufacturer Sanmina (NASDAQ: SANM) on Monday, as a business that it'll be partnering with on an important initiative saw a monster pop in stock price. Sanmina was lifted along with this, as its stock soared to close the day nearly 26% higher.That associated company is storied chip maker American Micro Devices, which was quite the stock market star with its own double-digit share-price raise. This occurred on the back of a multiyear deal to supply crucial technology to artificial intelligence (AI) company OpenAI, developer of the high-profile ChatGPT app. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool