Silicon Motion (SIMO) stock slides about 10% as chip trade cools — what’s next
Silicon Motion shares dropped 9.9% to $109.10 Thursday after spiking to $123, erasing much of a two-day rally. The decline tracked broader weakness in tech and storage stocks ahead of Friday’s U.S. payrolls report. Investors are watching for updates at the company’s Jan. 13 Needham webcast.
