🟢 Semtech is trading 4.1% up in pre-market as AI chip demand triples supply

Semtech is trading 4.1% up now at $125.88 after reporting that demand for its AI networking chips is three times greater than available supply.

• CEO Hong Hou disclosed the imbalance with the second-quarter fiscal 2027 earnings release on August 25, 2026, highlighting strong AI infrastructure demand but constrained production capacity.
• A broader semiconductor rebound is also supporting the move, with major chip stocks and the semiconductor ETF higher before the open.
• Semtech’s scheduled earnings call follows the market close.