GCT Semiconductor is trading 6.1% down at $1.99 today as semiconductor shares face a sharp pullback tied to Taiwan Semiconductor’s aggressive capex plans and mounting concerns over AI infrastructure costs.
- The decline is driven by broader chip-sector weakness and a risk-off sentiment in tech, with no company-specific news reported for GCT Semiconductor this morning.
- Investors appear to be reassessing valuations across smaller, higher-risk semiconductor names following the shift in industry sentiment.
- The move reflects a wider market reaction to the capital intensity required to sustain the current AI growth cycle.