What Happened?
A number of stocks jumped in the afternoon session after the broader semiconductor sector recovered from a sharp selloff during the previous trading session.
The decisive tone-setter was Nvidia CEO Jensen Huang, who described the previous week's selloff as a chance to "buy at a discount," adding that the AI revolution is still "at the beginning." That framing, was enough to stabilize sentiment in a sector that had erased $1 trillion in market cap in a single session.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Analog Semiconductors company Skyworks Solutions (NASDAQ: SWKS) jumped 6.5%. Is now the time to buy Skyworks Solutions? Access our full analysis report here, it’s free.
- Analog Semiconductors company onsemi (NASDAQ: ON) jumped 4.5%. Is now the time to buy onsemi? Access our full analysis report here, it’s free.
- Semiconductor Manufacturing company Amkor (NASDAQ: AMKR) jumped 5.4%. Is now the time to buy Amkor? Access our full analysis report here, it’s free.
Zooming In On Skyworks Solutions (SWKS)
Skyworks Solutions’s shares are quite volatile and have had 19 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 6 days ago when the stock gained 5.5% as Jensen Huang's (Nvidia's CEO) GTC Taipei keynote at Computex reframed how large and how long the AI chip cycle will run.
The first announcement — Vera Rubin entering full production — confirmed the next wave of data center AI compute is now locked in. Vera Rubin, Nvidia's successor to Blackwell, delivers a 10x reduction in inference token cost and requires 4x fewer GPUs to train the same models. Thousands of Nvidia engineers were involved in its development, and system builders already in full-scale production include Dell, HPE, Lenovo, Supermicro, and IBM. That list is a read-through for the entire AI supply chain: every name on it needs more servers, more memory, more optical connectivity, and more chip equipment.
The second announcement carried a different charge. Nvidia unveiled RTX Spark — an Arm-based AI PC chip co-developed with MediaTek — and Jensen Huang said Nvidia and Microsoft are going to "reinvent the PC." RTX Spark integrates a Blackwell GPU and a Grace CPU on a single package with 128GB of unified memory, capable of running 120-billion-parameter AI models locally without cloud connectivity. It launches later in the year on Windows PCs from Microsoft, Dell, HP, ASUS, Lenovo, and MSI.
Skyworks Solutions is up 21.2% since the beginning of the year, and at $78.02 per share, it is trading close to its 52-week high of $83.42 from May 2026. Despite the year-to-date gain, investors who bought $1,000 worth of Skyworks Solutions’s shares 5 years ago would now be looking at only $463.76.
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