Lilly Looks Healthy, but This Unsung Semiconductor Stock Is Wednesday's Big Winner

Investors remained on edge Wednesday morning, waiting to see what the Federal Reserve would do with interest rate policy after the huge spike in inflation that the global economy has seen over the past year. As of 8:45 a.m., stock futures contracts were little changed, with Dow Jones Industrial Average (DJINDICES: ^DJI) futures falling 18 points to 35,534. S&P 500 (SNPINDEX: ^GSPC) futures picked up 2 points to 4,639, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) also saw its futures contracts post a 2-point rise to 15,927.

Pharmaceutical stocks have seen a lot of cross-currents lately, as the COVID-19 pandemic has created opportunities for some companies and challenges for others. On Wednesday morning, shares of Eli Lilly (NYSE: LLY) climbed after the drugmaker issued an upbeat outlook. However, Lilly's gains paled in comparison to those of a little-known business in the semiconductor industry that got an offer it couldn't refuse. Below, we'll take a closer look at both companies.

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Source Fool.com