Here's Why Shares of These Tech Stocks Are Soaring Today

Shares of NXP Semiconductors NV (NASDAQ: NXPI), Conduent (NYSE: CNDT), and CalAmp (NASDAQ: CAMP) were all rising by double-digit percentages today on positive news that a coronavirus vaccine is showing promise after a round of human testing.

As of 3:57 P.M., EST NXP Semiconductors' shares were up 12.6%, Conudent stock skyrocketed 21.8%, and CalAmp shares were up 10.6%.

Moderna, a biotech company, said today that its potential COVID-19 vaccine, mRNA-1273, has shown some positive initial results after being tested on a very small group of people. Moderna's chief medical officer, Tal Zaks, M.D., Ph.D., said in a press release,