Why Inseego Stock Was Slipping Again Today
Shares of Inseego (NASDAQ: INSG) were falling for the second day in a row today as investors continued to react to several potential headwinds concerning 5G stocks. The stock was down as much as 11.7% earlier this morning but recovered some of those losses and were trading down 4.4% as of 12:07 p.m. EST.
Yesterday's losses seemed to be prompted by comments from Apple in its earnings call that its rollout of a 5G phone would be slower than expected. Additionally, Xilinx shares tumbled yesterday as the chip-maker also warned on 5G deployments, with CEO Victor Peng noting a "slowdown in 5G rollout across multiple regions as many operators take a pause before the next wave of infrastructure deployment."
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Source Fool.com
