Skyworks Solutions Inc is trading 4.1% down at $72.26 as a broader tech selloff weighs on semiconductor names, reversing gains from recent optimism surrounding its new EV-focused gate driver.
- The stock is giving back part of its previous session's rebound, which was sparked by enthusiasm for the new Si829x isolated safety gate driver for electric vehicles.
- The downward move aligns with broader pressure on the tech-heavy Nasdaq, indicating a shift toward risk-off sentiment in growth and semiconductor sectors rather than fresh company-specific developments.