🔴 SOI.PA plunges 17.1% as semiconductor stocks face selloff after Samsung results
Soitec SA
- SOI.PA is trading at $98.16, down 17.1% today, as European semiconductor equities experienced strong selling pressure.
- The decline follows a disappointing investor reaction to Samsung Electronics' second-quarter preliminary results, sparking a sector-wide selloff.
- The move is further exacerbated by existing overvaluation concerns and a deteriorating technical picture for Soitec.