Semtech is trading at $127.09, -10.27% on October 22, amid a broader semiconductor selloff.
- Semiconductor ETF SOXX is down 4.20% during the regular session.
- Investors are questioning returns on heavy AI infrastructure spending, while Lam Research’s weaker outlook added pressure to chip stocks.
- Broader market weakness and rising oil prices amid Middle East tensions have weighed on risk sentiment; no fresh company-specific announcement clearly explains Semtech’s move.