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This Tech Stock May Plunge Sooner Than Later Following Its Impressive Rally

·4 min read

Share prices of Qorvo (NASDAQ: QRVO) have gained 20% since the beginning of July thanks to a rally in semiconductor stocks. What's surprising is that Qorvo, which counts Apple (NASDAQ: AAPL) as its largest customer, is struggling, unlike other component suppliers such as Skyworks Solutions (NASDAQ: SWKS) and Cirrus Logic. Both Skyworks and Cirrus recently released solid results even though smartphone shipments were down last quarter, driven by a mix of content gains in premium smartphones and their relationship with Apple.