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Why Semtech Stock Is Rallying After Its NVIDIA Setback

Semtech TodaySMTCSemtech71.79+3.62 (+5.3171.79 +3.62 (+5.31%) 52-Week Range24.05▼79.52P/ERatio299.40PriceTarget79.52P/E Ratio299.40Price Target65.36Add to WatchlistFor mid-cap semiconductor stock Semtech NASDAQ: SMTC, 2025 has been a wild ride. In January, the stock surged to a three-year high of just over $77. However, just as a positive development surrounding NVIDIA NASDAQ: NVDA can lead a stock to explosive gains, a negative one can bring a stock to its knees. Shares dropped 31% on Feb. 10 as the firm greatly reduced its expectations for its NV ...