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Stock impact report

MACOM, Semtech, Allegro MicroSystems, FormFactor, and Applied Materials Stocks Trade Down, What You Need To Know [Yahoo! Finance]

Allegro MicroSystems, Inc. (ALGM) 
Company Research Source: Yahoo! Finance
A number of stocks fell in the afternoon session after negative news from a data center company and a significant sale of Nvidia shares by a major investor fueled a broader sell-off. The downturn in chip stocks followed an announcement from CoreWeave Inc that a data center delay would negatively affect its financial expectations, leading to a downgrade by JPMorgan Chase. This news created concern across the industry, weighing on other chipmakers including ARM Holdings, Micron Technology, and Lam Research. Further pressure came as the technology-heavy Nasdaq Composite index fell, with companies like Nvidia dropping after reports that SoftBank had sold its stake. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Analog Semiconductors company MACOM (NASDAQ:MTSI) fell 5.2%. Is now the time to buy MACOM? Access our full analysis report here, it's free for active Edge Show less Read more
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