This Artificial Intelligence (AI) Stock Is Down 30% From Its 52-Week Highs: Is It Worth Buying Right Now?
Cirrus Logic(CRUS) The Motley Fool·2024-11-10 21:00
Reliance on a single customer for a huge chunk of revenue is weighing on this company, but that could turn into an advantage in the future.Chipmaker Cirrus Logic (CRUS 0.15%) has been in fine form on the stock market for the majority of 2024, as its shares rose impressively through August this year, but a closer look at recent stock price action suggests that its rally has come to a shuddering halt in the past couple of months.More specifically, Cirrus stock is down nearly 30% since hitting a 52-week high o ...