Silicon Motion (SIMO) Laps the Stock Market: Here's Why

In the latest trading session, Silicon Motion (SIMO) closed at $74.67, marking a +1.84% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.14%. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.38%. Prior to today's trading, shares of the chip company had gained 4.8% lagged the Computer and Technology sector's gain of 7.37% and the S&P 500's gain of 5.35%.The upcoming earnings release of Silicon Motion will be of great interest to investors. The c ...