NETGEAR shares rise 12.92% intraday as FCC bans foreign routers, reducing competition and favoring its transparent supply chain.

NETGEAR surged 12.92% in intraday trading, as the U.S. FCC's ban on foreign consumer routers reduces competition, benefiting the company. NETGEAR specializes in network devices, including Wi-Fi routers and cloud solutions, with a transparent supply chain that aligns with new regulations for exemption eligibility.