🔴 Tower Semiconductor is trading 7.8% down today in a sharp reversal from its recent AI-driven rally

Tower Semiconductor is trading 7.8% down at $219.54 following a sharp multi-day reversal from its recent AI- and photonics-driven rally.

• The move extends a pullback of more than 16% since July 23, as the stock retreats from its recent highs.
• Trading activity appears dominated by profit-taking and elevated volatility, with no fresh company-specific news reported today.
• The stock's previous gains were fueled by strong demand for AI infrastructure, silicon photonics, and defense-related applications.