🔴 SEALSQ is trading 5% down today after semiconductor stocks extended Tuesday’s broad retreat

SEALSQ is trading 5% down at $2.60 after semiconductor stocks extended Tuesday’s broad retreat.

• The Philadelphia Semiconductor Index fell roughly 5% on August 18 amid elevated Treasury yields, geopolitical uncertainty, and higher oil prices, pressuring growth-oriented chip companies.
• SEALSQ’s Palm Technologies partnership, announced August 18 and updated August 19, is positive but does not explain today’s decline.
• Bitcoin, Ethereum, and other major cryptocurrencies are sharply higher, making crypto weakness an unlikely driver.