🔴 SMTC is trading 4.2% down today on semiconductor weakness and geopolitical tensions

SMTC is trading at $135.19 (4.2% down) as the stock pulls back following a sharp multi-day rally earlier in the week.

• The move tracks broader weakness in semiconductor names and a shift toward risk-off sentiment across the technology sector.
• Market pressure is mounting following disappointing U.S.–China summit outcomes and renewed geopolitical tensions, which are weighing on risk assets.