FormFactor, Semtech, and Photronics Shares Plummet Amid Chip Sell-Off

Price ActionMacro
โดย Yahoo Finance·Read original
Summary · why it matters

Shares of FormFactor, Semtech, and Photronics fell sharply in afternoon trading as a broad sell-off hit semiconductor stocks. FormFactor dropped 6.6%, Semtech declined 6.6%, and Photronics lost 5.8%. The declines followed a Bank of America fund manager survey showing 80% of respondents view semiconductors as the most crowded trade, the highest reading in the survey's history. Additional pressure came from May import prices rising 1.9%, nearly double the 1.1% consensus, and an annual gain of 6.7%, the largest since August 2022, which complicated the inflation outlook ahead of Kevin Warsh's first meeting as Federal Reserve Chair.

Impact on stocks 3

Semiconductors▼ · 3 stocks
FormFactor Inc
FORM
▼ NegativeMonetaryrelevance

Import prices rose more than expected, complicating inflation outlook and pressuring rate-sensitive tech stocks.

Photronics Inc
PLAB
▼ NegativeMonetaryrelevance

Import prices rose more than expected, complicating inflation outlook and pressuring rate-sensitive tech stocks.

Semtech Corporation
SMTC
▼ NegativeMonetaryrelevance

Import prices rose more than expected, complicating inflation outlook and pressuring rate-sensitive tech stocks.

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