IQE is trading at £36.45, down 5.3% as the stock pulls back from gains linked to its recent $14 million multi-year production order for AI and datacentre applications.
- The decline follows a spike in interest after the July 14 announcement of a significant production order targeting the AI and datacentre markets.
- Broader semiconductor stocks are also under pressure as the sector reacts to TSMC’s higher spending forecast and growing valuation concerns.