$Maxlinear(MXL.US), $AXT(AXTI.US) both fell by over 10%, and $ON Semiconductor(ON.US) also dropped by 4-5 points 😥
$Maxlinear(MXL.US) broke its technical support due to profit-taking before the July 23 earnings report; $AXT(AXTI.US) is stuck on indium phosphide export licenses, with executives continuing to sell off—amid a broad semiconductor selloff, the decline was magnified.
Volatility in simulation and substrate stocks will only increase before earnings season; do not take heavy positions betting on direction before these events.
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