Why Tower Semiconductor Took a Dive Today
2026-06-26 16:46:40 ET
Shares of Tower Semiconductor (NASDAQ: TSEM) fell 7.4% on Friday.
Tower is an Israeli semiconductor manufacturing company that produces specialty semiconductor nodes. Those aren't the most leading-edge, cutting-edge chips produced by the likes of Taiwan Semiconductor Manufacturing (NYSE: TSM) . However, Tower has become a massive AI winner, with the stock up a whopping 465% over the past year, due to its specialized silicon photonics technology . AI data centers are switching from copper to silicon photonics networking right now, so Tower's growth and future expectations have exploded.
However, investors are in a profit-taking mood today after a rumor emerged yesterday that OpenAI may delay its IPO.
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