🔴 SMTC is trading 5.3% down today on broader semiconductor weakness and geopolitical tensions

SMTC is trading 5.3% down at $133.75 in pre-market as broader semiconductor weakness and geopolitical concerns weigh on tech equities.

• The decline retraces a portion of the stock's sharp gains from earlier this week amid a shift toward risk-off sentiment across the equity markets.
• No company-specific catalysts were reported; the move follows a slide in Nasdaq futures linked to tensions in Taiwan and the Strait of Hormuz following the recent Beijing summit.