1 Small-Cap Chip Stock Just Tanked Nearly 30% -- Time to Buy?
SkyWater(SKYT) fool.com·2024-05-17 11:11
This small manufacturer was always expected to have some growing pains, and the stock market didn't get the memo. Shares of small U.S.-based chip manufacturing start-up SkyWater Technologies (SKYT -1.70%) initially tanked over 30% following its Q1 2024 earnings update. Shares have rebounded a bit since then but are still down nearly 30% pre-earnings and down nearly 20% so far in 2024. It seems that stock market movers and shakers were surprised by a temporary dip in SkyWater's trajectory toward reaching pro ...