🟢 MACOM is trading 6.91% up today as chip shares attempt recovery after Thursday’s selloff

MACOM is trading at $205.63, up 6.91%, as chip shares attempt to recover after Thursday’s severe selloff.

• MACOM closed at $190.35 on November 5, after an 18.35% decline in the prior session.
• November 5 results showed Q4 revenue of $424.8 million and Q1 revenue guidance of $450–$460 million. Those results preceded the decline and do not by themselves explain today’s rebound.