What's Going On With Skyworks Solutions Stock During Tuesday's Session?

Skyworks Solutions Inc SWKS shares are trading lower by 2.69% to $105.31 Tuesday afternoon amid volatility in semiconductor stocks ahead of NVIDIA's upcoming earnings report.

Skyworks Solutions and Nvidia both operate within the technology sector, Skyworks primarily in semiconductor components and Nvidia primarily in graphics processing units and AI technologies. The technology sector often experiences correlated market movements due to shared investor sentiment, macroeconomic factors and industry trends.

If Nvidia's earnings report is expected to impact the broader technology sector, it could lead investors to anticipate challenges or changes that might also affect Skyworks Solutions.

What's Going On With Nvidia?

This May, Nvidia's robust position in the AI sphere became unequivocal. Their anticipated 64% jump in quarterly earnings exceeded Wall Street's predictions. 

And this week, the world awaits Nvidia's confirmation of these landmark results, further illuminating the surging demand for AI...Read More

According to data from Benzinga Pro, SWKS has a 52-week high of $123.69 and a 52-week low of $76.16.