Allegro MicroSystems leads chip stocks higher after quarterly results

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Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

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Shares of Allegro MicroSystems (NASDAQ:ALGM) led chip stocks higher on Thursday after the company’s fourth quarter results beat estimates.

Allegro jumped about 12% on Thursday, while chip equipment maker Veeco Instruments (NASDAQ:VECO) climbed about 8% after

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