Sivers Semiconductors AB (publ) is trading 5.5% up at $91.55, rebounding on a highly volatile week driven by significant company-specific news.
- The stock's wild ride began on June 2 with a +60% surge after the company announced a strategic collaboration with GlobalFoundries to develop advanced silicon photonics for the AI data center market.
- The subsequent sharp declines on June 3 and 4 coincided with news on June 4 that the Managing Director of the company's Wireless business unit had sold his entire stake of 1.39 million shares.
- Today's rebound occurs amid broader semiconductor sector weakness following Broadcom's disappointing AI outlook, which has added to the sector's recent volatility.