CBRS is trading 4.25% down at $161.37 following a sharp two-day selloff as investors react to the company's June 23 earnings report. - The company reported strong 94% revenue growth and beat EPS estimates of -$0.16 with a result of -$0.04. - However, market sentiment was dampened by a cautious Q2 gross-margin outlook of 36%-38%. - The stock also faces additional pressure from broader tech sector weakness on June 26, 2026, with the Nasdaq Composite falling 0.5% as AI and semiconductor names retreat.