Can This Growth Stock Sustain Its Recent Momentum?
The novel coronavirus pandemic is turning out to be a tailwind for Xilinx (NASDAQ: XLNX), giving the chipmaker's business a nice shot in the arm, as evident in its latest quarterly results.
Xilinx's first-quarter results for fiscal 2021 were better than estimates -- which was not surprising, as the company had recently increased its guidance. But what stood out was the terrific growth in its data center business and a much-improved fiscal second-quarter outlook, indicating that Xilinx could be making a comeback after a difficult start to the year.
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Source Fool.com
