NVE Corporation is trading 7.6% down at $94.30 in after-hours trading amid a sharp tech and semiconductor selloff driven by disappointment surrounding AI chip expectations.
- The after-hours decline follows a steep 6.4% drop during the regular session, where the stock closed at $102.11.
- The move is attributed to a broad risk-off shift hitting growth stocks rather than any company-specific news or announcements from NVE Corporation.
- Market sentiment remains pressured as investors recalibrate expectations for the semiconductor sector following recent industry-wide developments.