$SMTC

A market movers roundup reported Monday moves for Kyndryl (KD) down 3.3% on reports of a potential cybersecurity issue tied to stolen credentials. ScanSource (SCSC) fell 3.7% after director Peter C. Browning retirement. SentinelOne (S) dropped 4.3% after a Deutsche Bank downgrade. FTAI Aviation (FTAI) rose 7.3% on closing a $2.0B warehouse financing facility. Semtech (SMTC) gained 9.3% after selling its cellular module business for $62M.

U.S. stocks edged lower as Treasury yields rose and rate-hike odds faded. SanDisk (SNDK) gained 10% and Micron (MU) rose 6% on AI memory demand and comments about Apple avoiding Chinese DRAM/NAND suppliers. Coherent (COHR), Semtech (SMTC) and Lumentum (LITE) jumped on AI optical read-through, while Wingstop (WING) and UWM Holdings (UWMC) fell.

Investing.com reports early Monday stock moves ahead of Fed minutes and retail earnings. Micron Technology (MU) rose 4.8% and SpaceX (SPCX) gained 5.41%, while Oracle (ORCL) fell 2.05% and Dell (DELL) dropped 4.1%. It also cites H World Group (HTHT) up 5% on an earnings beat and guidance increase, plus other mid and small-cap movers.

A 24/7 Wall St. podcast segment discussed sentiment swings toward memory stocks, citing SanDisk (SNDK) and Micron (MU) gross margins near 85% supported by long-term customer commitments of $16.5B and $22B. It also covered NVIDIA (NVDA) cutting HBM content on Rubin due to supply shortages. Semtech (SMTC) was paired as an optical hedge.

Shares of Marvell (MRVL), MACOM (MTSI), Micron (MU), Western Digital (WDC) and Semtech (SMTC) rose after upbeat earnings and AI-related guidance, according to the article. Super Micro Computer and CoreWeave forecasts exceeded expectations, supporting demand for AI infrastructure. The piece cites a 155% YoY jump in South Korea semiconductor exports and notes Semtech is up 88.6% YTD.

Industry roundup covers TalkTalk Business and ARO merging to form a UK connectivity and managed IT provider with about 650 employees, ~£200m annual revenue, and 70,000+ customers. Micron launched a $250m AI-focused venture fund after reporting $41.46bn fiscal Q3 revenue. Semtech will sell its cellular module business to Compal for $62m cash. Also notes Tecnotree deal and Telstra FY revenue/EBIT.

Semtech (SMTC) shares rose about 3.5% to $138.65 after Needham reiterated a Buy rating and a $200 price target, according to the analyst. The article notes SMTC’s recent volatility and that it is up 84.2% YTD but 18.1% below its 52-week high.

Shares of several AI and semiconductor stocks rose after upbeat earnings and forecasts. Super Micro Computer and CoreWeave reported results and sales guidance above expectations. The article also cites a 155% year-over-year jump in South Korea semiconductor exports. It highlights gains for MRVL, MTSI, MU, WDC, and SMTC, with Semtech up 6.9% to $141.91.

U.S. announced new Section 301 tariffs of 10% to 12.5% on 60 trading partners, including the EU, Japan, South Korea, and Taiwan, citing forced labor concerns. The move raised expectations of long-term margin compression and triggered a broad semiconductor sell-off. Shares of ASYS, SMTC, NVMI, POWI, and FORM fell 3.2% to 5% in the morning.

Shares of TSMC fell about 4% after it reported a record profit beat but raised 2026 revenue growth guidance to slightly above 40% while increasing capex to $60–$64B from $56B. It also guided Q3 operating margins about 70 bps below consensus. Semtech (SMTC) and Lam Research (LRCX) dropped about 5.3% amid a sector selloff tied to higher AI manufacturing costs.