🔴 Silicon Motion Technology is trading 8.3% down today amid a broad semiconductor selloff

Silicon Motion Technology is trading at $208.84, down 8.32%, amid a broad semiconductor selloff rather than a reported company-specific announcement.

• Reuters reported Intel plunged 29% on Friday amid weakening PC demand and concerns about the cost of AI infrastructure, contributing to a wider retreat in technology stocks.
• Chips and semiconductors were down 10.40% during the regular session. Silicon Motion Technology closed at $227.75 on October 29, after rising 3.71% that session.