🔴 Tower Semiconductor is trading 5% down in pre-market amid Intel's weaker-than-expected forecast

Tower Semiconductor is trading 5.11% down at $178.03 in pre-market, amid wider semiconductor weakness.

• No company-specific announcement was identified; the decline appears consistent with broader sector weakness.
• Overnight, Intel’s weaker-than-expected forecast and AI-spending concerns weighed on technology and chip stocks. Selling pressure spread after Intel and Amazon results, alongside Alphabet’s earlier earnings-driven decline.
• SOXX was down 2.81% pre-market.