On June 4, Silicon Motion Technology fell 5.25% in regular trading, trading at $289.35/share, with trading volume of approximately $50.68 million.
On the news front, the semiconductor sector experienced a broad selloff triggered by Broadcom's post-earnings decline. Despite reporting strong quarterly results with robust AI business momentum, Broadcom's CEO refrained from raising the long-term AI revenue guidance for fiscal year 2027, disappointing market expectations and sending the stock down over 15%. The negative sentiment rippled across the entire chip sector, with Micron Technology falling 8.36%, Advanced Micro Devices dropping 7.06%, Marvell Technology declining 5.71%, and NVIDIA slipping 0.92%.
Additionally, prominent investor Ray Dalio warned that an AI bubble is on the verge of bursting, further weighing on sentiment across semiconductor names. Silicon Motion, which had rallied sharply in prior sessions on COMPUTEX product showcases and better-than-expected Q1 earnings, gave back gains amid the sector-wide risk-off move.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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