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Stock impact report

Why Power Integrations (POWI) Stock Is Falling Today [Yahoo! Finance]

Power Integrations, Inc. (POWI) 
Last power integrations, inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.power.com
Company Research Source: Yahoo! Finance
Shares of semiconductor designer Power Integrations (NASDAQ:POWI) fell 3.4% in the afternoon session after the stock was caught in a broader tech sell-off sparked by concerns over the profitability of the artificial intelligence sector. The downturn followed reports that tech giant Oracle was generating lower-than-expected margins in its cloud business and losing money on renting out expensive Nvidia chips. This news caused Oracle's shares to fall and triggered wider anxiety that the massive investments required for AI might not lead to guaranteed profits. Investors grew concerned about the actual strength and financial returns of the AI boom, which had been a key driver of the market's recent performance. The uncertainty led traders to pull back from the tech sector, impacting numerous semiconductor and technology-related stocks. The shares closed the day at $37.71, down 3.4% from previous close. The stock market overreacts to news, and big price drops can present good opportu Show less Read more
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