🔴 COHU is trading 8.9% down in pre-market as AI-spending concerns weigh on chip stocks

COHU is trading at $48.67, down 8.86% in pre-market as AI-spending concerns weigh on semiconductor stocks.

• October 28 results were strong: Q3 sales rose 37% to $173 million; Q4 sales guidance was $178 million ± $7 million.
• No fresh company-specific negative catalyst surfaced; recent analyst actions included price-target increases.
• Reuters reported Alphabet’s earnings reaction, followed by after-hours drops in Intel and Amazon, weighed on chip stocks as investors questioned the costs and returns of AI spending.