After experiencing a wave of concern and a huge drop in its stock, semiconductor company Semtech (NASDAQ: SMTC) recently revealed some much-needed good news.
Semtech shares sold off over 31% in one day in early February, around 10 days before the broad selloff in the technology sector began. Semtech’s large drop was due to a significant near-term reduction in a much hoped-for relationship with NVIDIA (NASDAQ: NVDA).
