🔴 TSEM is trading 4.1% down today on profit-taking after a silicon photonics-driven rally

TSEM is trading at $210.00 (4.1% down) in pre-market, pulling back after a sharp run-up fueled by silicon photonics contract news and strong earnings.

• The stock recently surged following reports of $1.3 billion in expected 2027 revenue from major silicon photonics agreements and $290 million in upfront customer payments.
• Today’s move is viewed as profit-taking amid a softer technology tape rather than any new negative company-specific developments.
• The decline follows a period of significant outperformance triggered by a Q1 revenue beat and long-term growth projections.