🔴 Power Integrations is trading 4.08% down today amid sector-wide AI-spending and semiconductor valuation concerns

Power Integrations is trading at $60.11, down -4.08%, as semiconductor stocks retreat after disappointing reactions to Western Digital and SanDisk forecasts.

• August 5 earnings beat estimates: $118.9 million revenue and $0.37 non-GAAP EPS versus $0.32 expected.
• Third-quarter guidance calls for $122 million–$130 million revenue and 17%–19% non-GAAP operating margin.
• Evidence points primarily to sector-wide AI-spending and semiconductor valuation concerns, rather than a new company-specific negative announcement.