FormFactor, Entegris, Penguin Solutions, Teradyne, and Marvell Technology Stocks Trade Up, What You Need To Know

September 5, 2026 - 04:02

Several semiconductor and related technology stocks saw strong gains in afternoon trading on Friday, as market participants moved past concerns about rising interest rates and shifted capital back into beaten-down chip designers. The move comes after a key government report on the labor market showed more resilience than many had predicted.

According to data from the U.S. Bureau of Labor Statistics, nonfarm payrolls increased by 162,000 jobs in August. That figure easily surpassed the 56,000 gain that economists had forecast in a FactSet poll. The national unemployment rate remained unchanged at 4.1 percent, signaling that the broader economy continues to hold up despite tighter monetary policy.

Investors interpreted the data as a sign that the economy is not heading for a sharp slowdown. This led to a reduction in defensive trades and a renewed appetite for growth-oriented sectors, particularly semiconductors. Names like FormFactor, Entegris, Penguin Solutions, Teradyne, and Marvell Technology all traded higher during the session.

The rally suggests that market participants are looking past the possibility of further rate hikes for now. Instead, the focus appears to be on the underlying strength of corporate earnings and the ongoing demand for advanced chips used in data centers, artificial intelligence, and other high-growth applications. The sector had been under pressure in recent weeks, making the bounce notable for traders watching for a turning point.