CEVA is trading 5.3% down at $30.23 as part of a broader semiconductor sector selloff triggered by disappointing SK Hynix earnings and concerns over the durability of AI-related chip spending.
- The decline is exacerbated by intensifying competition from Chinese chipmakers and a sharp drop in the SOXX semiconductor ETF.
- With major indices also trading lower, the move appears to be driven by macro and sector-wide pressures rather than company-specific news.