Has NXP Semiconductors’ stock hit a ceiling after the recent all-time high?
NXP Semiconductors (NASDAQ:NXPI) recently hit an all-time high of $282.22 on May 28th, marking a significant milestone for the company. However, the stock has since retraced, prompting chatter amongst investors regarding whether the rally will continue or the stock has peaked. Recent earnings and valuation In NXP’s Q1 2024 earnings report, the company revealed non-GAAP