🟢 GCT Semiconductor is trading 5.69% up today after 5G shipments rose 71%

GCT Semiconductor is trading 5.69% up at $2.16 as investors weigh rising 5G chipset shipments against a second-quarter revenue miss.

• Revenue was $970,000, missing expectations; the adjusted loss reached $0.25 per share, and the company cited customer deployment delays.
• Shares fell 16.73% on August 11 after the earnings release. 5G chipset shipments rose approximately 71% sequentially to more than 5,100 units, while management expects second-half shipments to exceed first-half levels.