SKYT Stock Plunges 38% in a Year: Should You Buy the Dip or Wait?

SkyWater Technology (SKYT) shares have lost 37.7% in the trailing 12 months, underperforming the Zacks Computer and Technology sector and the S&P 500 index’s return of 5.4% and 9.5%, respectively. The stock has also underperformed the Zacks Electronics – Semiconductors industry’s growth of 0.9% in the same time frame.The stock’s underperformance can be attributed to weaker sentiment around semiconductor stocks, as investors worry about how profitable and lasting the AI trend really is. Since SkyWater is par ...