What Happened?

A number of stocks fell in the afternoon session after rising geopolitical tensions between the US and Europe over control of Greenland sparked a broad, risk-off mood in asset markets. 

The sell-off was fueled by President Trump's push for the U.S. to acquire Greenland, reviving fears of trade confrontations and new tariffs against European allies. The tech-heavy Nasdaq index saw significant declines, with the "Magnificent Seven" technology stocks, Nvidia, Apple, Alphabet, Amazon, Meta, Microsoft, and Tesla, all sliding to start the week. This widespread downturn among major tech players weighed heavily on the overall market as investors reacted to the escalating political rhetoric.

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 Himax (NASDAQ: HIMX) fell 4.7%. Is now the time to buy Himax? Access our full analysis report here, it’s free.
• Processors and Graphics Chips company Broadcom (NASDAQ: AVGO) fell 4.9%. Is now the time to buy Broadcom? Access our full analysis report here, it’s free.
• Semiconductor Manufacturing company KLA Corporation (NASDAQ: KLAC) fell 4.3%. Is now the time to buy KLA Corporation? Access our full analysis report here, it’s free.
• Analog Semiconductors company Impinj (NASDAQ: PI) fell 6.3%. Is now the time to buy Impinj? Access our full analysis report here, it’s free.
• Processors and Graphics Chips company Qualcomm (NASDAQ: QCOM) fell 3.5%. Is now the time to buy Qualcomm? Access our full analysis report here, it’s free.

Zooming In On Impinj (PI)

Impinj’s shares are extremely volatile and have had 39 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 14 days ago when the stock gained 7.3% on the news that a broader market rally drove investor optimism in artificial intelligence and big tech stocks. 

The S&P 500, Dow Jones, and Nasdaq all pushed higher, approaching record levels set late last year. Much of the positive momentum was linked to the technology sector, with a particular focus on companies advancing artificial intelligence, a key theme at the annual CES trade show in Las Vegas. This continued a powerful trend from 2025, when AI-related developments were a primary catalyst for the market's bull run. The upbeat sentiment was further supported by hopes for easier monetary policy from the Federal Reserve following a weaker-than-expected US Services PMI reading.

Impinj is down 15% since the beginning of the year, and at $152.83 per share, it is trading 36.8% below its 52-week high of $241.91 from October 2025. Investors who bought $1,000 worth of Impinj’s shares 5 years ago would now be looking at an investment worth $2,609.

While Wall Street chases Nvidia at all-time highs, an under-the-radar semiconductor supplier is dominating a critical AI component these giants can’t build without. Click here to access our full research report, it’s free.