Qorvo Stock News

CAMBRIDGE, England--(BUSINESS WIRE)--Cambridge GaN Devices (CGD), the fabless, clean-tech semiconductor company that develops energy-efficient GaN-based power devices that make greener electronics possible, and Qorvo®, (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, have partnered to bring together industry-leading motor control and power efficiency technologies i...

These four poorly performing tickers are hinting at broader, bigger-picture problems that investors will want to altogether avoid.

The chip supplier really had a fiscal second quarter to forget.

Qorvo reported earnings in late October and the stock is down a staggering 29% since on underwhelming guidance. I am upgrading QRVO stock to buy as I think it has hit bottom and should see a U-turn in the smartphone market next year. In my opinion, the company's diversification strategy should also lessen the reliance on Apple.

Qorvo Wi-Fi 7 FEMs Optimized to Support MediaTek MT6653 WI-FI 7/Bluetooth® Combo Chip Qorvo Wi-Fi 7 FEMs Optimized to Support MediaTek MT6653 WI-FI 7/Bluetooth® Combo Chip

Super Micro joined the list after a 33% drop on Wednesday.

Shares of Qorvo (QRVO) plunged more than 25% Wednesday afternoon when the radio frequency and power chipmaker posted a surprising loss and warned of a continuing slowdown in its business.

Qorvo stock got a lot cheaper today, but isn't yet "cheap."