At US$123, Is Cirrus Logic, Inc. (NASDAQ:CRUS) Worth Looking At Closely?
The supply chain is in disarray, leaving investors worried about the demand for iPhone 16.
Analysts including Ming-Chi Kuo of TF International, as well as analysts from Barclays, JPMorgan, and Bank of America, have all mentioned that early data shows the iPhone 16 Pro series is below expectations. This has led to a general decline in Apple's stock and related concept stocks on Monday. Kuo stated that one of the key factors for the decrease in demand for the iPhone 16 series is that the main selling point, Apple Intelligence, was not released with the iPhone 16.
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The fruit chain is in disarray, Cirrus Logic's stock has fallen by over 10%, and investors are worried about the demand for iPhone 16.
Gelonghui, September 16th | Apple's stock price fell more than 3.85% at one point, hitting a low of $213.92 since August 9th. Taiwan Semiconductor's ADR fell by about 3%, ending the trend of three consecutive trading days of gains. Cirrus Logic fell by 10.48% at one point, to $119.21, nearing the low of $107.62 on August 5th. Micron Technology fell by 5.81% at one point. Infineon Frankfurt stock price fell 2.2% at one point.
Looking Into Cirrus Logic's Recent Short Interest