2024-06-05 09:05:18 ET
Summary
- Lattice Semiconductor experienced a decline in share price, which, I believe, was the result of Dell's Q1 '25 earnings release.
- Despite the headwinds in communications and industrials & automotive, Lattice should realize tailwinds from the legacy server refresh cycle and AI infrastructure implementation.
- LSCC is bringing their next line of Avant chips to the market in 2H24, which should be accretive to revenue beginning in 2025.
Lattice Semiconductor Corporation ( LSCC ) experienced a huge decline in share price on Monday, June 3, 2024, as a result of Dell Technologies’ ( DELL ) Q1 earnings announcement . Despite the decline in share price, management at Dell voiced strength across AI infrastructure and positive growth for legacy servers, which are areas in which Lattice chips can be found. Despite growing demand for the next generation of server infrastructure, the stock sold off, along with many of the associated IT infrastructure and components companies....
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Lattice Semiconductor Experienced A Selloff By Association