🔴 GCT Semiconductor is trading 6% down amid reported unwinding of crowded AI trades

GCT Semiconductor is trading at $1.91, with a -5.58% change on October 12, 2026, amid semiconductor-sector pressure.

• No clear company-specific announcement explaining the decline surfaced in the search.
• A report attributed the semiconductor selloff to investors unwinding crowded AI trades.
• The semiconductor ETF fell 6%, compared with a 2% drop in a broader Nasdaq fund, pointing to sector pressure rather than a confirmed company-specific catalyst.