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Semtech tumbles as analyst day comments spook investors (SMTC:NASDAQ)

Semtech headquarters in San Jose, California, USA.
  • Semtech (SMTC) shares fell nearly 17% on Thursday as the company provided guidance at its investor day that sent shivers down investors’ spines.
  • The company said it expects $3.2B in revenue for fiscal 2030, though that is “mostly driven by data center and
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