NXP rallies on stronger auto market, upbeat forecast

NXP Semiconductors NV saw its stock price surge in late trading following the release of a robust revenue forecast. This optimistic outlook signals a significant recovery for the chipmaker after enduring a prolonged slump in the automotive industry, further compounded by previous tariff uncertainties. The positive guidance suggests that demand in the crucial auto sector is strengthening, benefiting NXP's performance. This rebound indicates resilience in the semiconductor market, particularly for companies heavily reliant on automotive production and sales.