🔴 nLIGHT is trading 5% down today as semiconductor sector selloff continues

nLIGHT is trading about 5% down at $60.15 in pre-market, extending its recent slide following a sharp semiconductor sector selloff.

• The move is driven by broader weakness across chip stocks and concerns regarding increased Chinese competition in chipmaking equipment.
• There is no company-specific news for nLIGHT; the stock continues to track the broader SOXX index and overall sector sentiment.