SiTime Stock Pulls Back Following AI Jump as Market Zeroes In on Main Question
SiTime shares fell 2.3% to $726.21 in late U.S. trading Wednesday, moving between $705.41 and $764.00 as chip stocks broadly declined. The iShares Semiconductor ETF dropped 1.1%. Investors weighed SiTime’s recent rally, AI data-center demand, and the pending Renesas timing business deal. SiTime last week priced a $1.2 billion convertible note sale.