🔴 Power Integrations is trading 10.6% down today on sector-wide semiconductor selloff and AI spending concerns

Power Integrations is trading 10.6% down today at $63.39 as part of a broader semiconductor selloff driven by valuation and AI spending concerns.

• The decline extends a multi-day slide as investors rotate out of richly valued chip and technology stocks.
• The move appears tied to sector-wide skepticism regarding the sustainability of AI infrastructure spending rather than any company-specific news or guidance changes.