🔴 Tower Semiconductor is trading 10.1% down today after post-earnings reversal and profit-taking amid AI sector rotation

Tower Semiconductor is trading 10.1% down at $215.39 following a sharp post-earnings reversal and profit-taking move.

• The decline comes despite the company reporting record Q2 results and guiding Q3 revenue to a new high on August 4.
• The stock is facing pressure from a broader rotation out of high-multiple AI and semiconductor names, even as broader semiconductor indices remain firm.
• The move follows a period of significant strength where the share price rallied aggressively both into and immediately after the earnings release.