🔴 Ambiq Micro, Inc. is trading 10.1% down today amid broad tech correction and hawkish Fed outlook

Ambiq Micro, Inc. is trading 10.1% down at $76.45 as investors dump growth and semiconductor names during a broad technology sector correction.

• The decline follows a sharp slide in the Nasdaq and a sector-wide semiconductor pullback triggered by disappointing reactions to Broadcom’s outlook.
• Market sentiment is further pressured by expectations of a more hawkish Fed-rate path following stronger-than-expected U.S. jobs data.