🔴 Semtech is trading 4.03% down in pre-market amid sector concerns over AI infrastructure spending

Semtech is trading at $141.04, down 4.03% in pre-market, as semiconductor sentiment weakens amid concerns about AI infrastructure spending.

• Alphabet’s results disappointed investors; reports describe the company down more than 10% after hours, adding to sector concerns.
• No company-specific announcement for October 29 appeared in company news and investor-relations results. Semtech’s latest listed announcement was October 24.