SMTC BREAKING NEWS: Semtech Corp. 31% Stock Drop Triggers Securities Fraud Investigation; Investors are Urged to Contact BFA Law if they Suffered Losses (NASDAQ:SMTC)

Core Viewpoint - Semtech Corp. is under investigation for potential violations of federal securities laws, primarily related to its CopperEdge products and their performance in partnership with NVIDIA [1][2]. Company Overview - Semtech is a semiconductor and cloud connectivity service provider, which has recently discussed its partnership with NVIDIA regarding its CopperEdge products [2]. Product Issues - The CopperEdge products faced significant heating issues, leading NVIDIA to reduce its purchases and develop its own processing unit [3]. Financial Impact - On February 7, 2025, Semtech announced that the fiscal year 2026 net sales for CopperEdge are expected to be lower than the previously stated $50 million floor case scenario due to changes in rack architecture, with no anticipated ramp-up for the fiscal year [4]. - Following this announcement, Semtech's stock price plummeted over 31$54.51 per share to $37.60 per share between February 7 and February 10, 2025, marking the largest single-day decline in nearly 40 years [5].