🔴 SMCY is trading 8% down on October 15 as inflation fears pressure technology stocks

SMCY is trading at $4.18, down 8.19%, amid broad pressure on semiconductor and AI-linked stocks.

• Reuters reported U.S. stocks and semiconductor shares fell after hotter-than-expected inflation revived expectations of higher rates, with technology stocks driving the selloff.
• SMCY went ex-dividend on October 15 for a declared $0.0585 weekly distribution; available reporting does not establish it as the main reason for the decline.
• No clear company-specific catalyst surfaced.