🔴 Semtech is trading 4.3% down today amid inflation, rate and AI-spending concerns

Semtech is trading at $137.99 (-4.32%) as hotter-than-expected inflation, rate-hike concerns and doubts about debt-fueled AI spending drive a broad semiconductor selloff across markets.

• Reports said investors were disappointed by the long-term FY2030 revenue framework at Semtech’s October 15 Analyst Day, despite the company raising its Q3 outlook.
• The price context shows a further decline after losses of 10.01% on October 15 and 7.25% on October 14.