SiTime Stock Pulls Back Following AI Jump as Market Zeroes In on Main Question
SiTime Corp was down 2.3% at $726.21 in late U.S. trading Wednesday, slipping as investors reassessed the chipmaker’s AI-data-center bets after a sharp run higher in May. Shares moved in a range of $705.41 to $764.00. SiTime is starting to trade more in line with AI infrastructure plays instead of niche chip suppliers. The company makes timing chips that keep electronics running in sync, which it says are getting more critical as data centers push faster networking speeds and bring in more advanced accelerators.