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NASDAQ:SMTC 7 July 2025 - 2 February 2026

Semtech stock jumps 9% today as SMTC hits fresh high — what’s moving the shares now

Semtech stock jumps 9% today as SMTC hits fresh high — what’s moving the shares now

Semtech shares surged 9.4% to $87.21 by midday Monday, hitting a new 52-week high of $88.59. Trading volume topped the 30-day average as the stock outpaced a 3% gain in the broader semiconductor index. The jump followed last week’s launch of new AirLink 5G “RedCap” routers targeting industrial IoT markets. Investors are watching for updates at DistribuTECH 2026 in San Diego this week.
2 February 2026
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Global IoT Market 2025 Forecast: Inside the $1 Trillion Tech Revolution

Global IoT Market 2025 Forecast: Inside the $1 Trillion Tech Revolution

Global IoT spending is projected to approach $1 trillion in 2025, up from $805.7 billion in 2023. Connected IoT devices are expected to reach 27 billion by 2025. Manufacturing leads spending, with $73 billion for operations and $68 billion for asset management in 2023. Semtech acquired Sierra Wireless for $1.2 billion in 2023; Vodafone and Microsoft announced a 10-year IoT partnership in 2024.
7 July 2025
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Stock Market Today

  • Stocks Rally as Nasdaq 100 Hits Record High on Strong Tech Earnings
    April 30, 2026, 1:29 PM EDT. Stocks rose with the Nasdaq 100 reaching a new record high, driven by Alphabet's stronger-than-expected Q1 revenue and Qualcomm's impressive Q2 results, up 6% and 16% respectively. The S&P 500 and Dow also gained, supported by lower crude oil prices that eased inflation concerns and pushed 10-year Treasury yields down. Despite mixed US economic data including a slower GDP growth of 2.0% versus expectations of 2.3%, and mixed signals from manufacturing and leading indicators, the labor market remained strong with initial jobless claims at a 57-year low. Meanwhile, Meta and Microsoft pulled back due to cautious forecasts and growth concerns. Falling oil prices reflect worries about economic growth impacting energy demand.

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Cigna’s Obamacare Exit Puts 369,000 Members on the Clock for 2027 Coverage

Cigna’s Obamacare Exit Puts 369,000 Members on the Clock for 2027 Coverage

30 April 2026
Cigna Group will exit the Affordable Care Act individual insurance market after 2026, affecting about 369,000 members in 11 states who must find new coverage for 2027. The announcement came as Cigna reported first-quarter revenue of $68.5 billion and raised its 2026 earnings outlook. CVS Health’s Aetna previously withdrew from the ACA market for 2026, impacting about 1 million enrollees.
Spirit Airlines Bailout Deadline: Trump’s $500 Million Rescue Stalls While Flights Keep Running

Spirit Airlines Bailout Deadline: Trump’s $500 Million Rescue Stalls While Flights Keep Running

30 April 2026
Spirit Airlines postponed its bankruptcy hearing as talks over a possible U.S. government rescue continued and no financing motion was filed. Flights remain operational and tickets are still being sold. The proposed bailout could give Washington up to a 90% stake after bankruptcy, but creditor resistance persists. The White House said options are under review, while other carriers are seeking broader relief.
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