FormFactor (FORM) Dropped, So What Is Behind The Move? Bailey Pemberton Sat, November 14, 2026 at 12:11 AM EST 3 min read FORM -6.41% NVDA -3.12% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
FormFactor (FORM) moved back into focus after a rough session for semiconductor stocks, as investors reacted to Nvidia CEO Jensen Huang's resignation and reassessed exposure across the artificial-intelligence supply chain.
FormFactor's share price closed at $87.53 after a 1-day share price return that declined 5.19%. The stock still shows a 7.90% 7-day share price gain and a year-to-date share price return of 47.88%, while the 1-year total shareholder return of 74.54% hints at strong longer term momentum despite a 26.88% 30-day and 33.49% 90-day pullback that reflects investors rapidly repricing growth expectations and risk across semiconductor and AI supply chain names.
Scan how FormFactor fits into the wider AI supply chain shock by comparing it with a curated set of 53 AI infrastructure stocks that are also reacting to Nvidia's leadership shake-up.
FormFactor's sharp pullback, set against strong trailing returns and double digit annual growth in revenue and net income, raises a simple issue. Are you watching a business story play out, or just sentiment whipsawing the price?
FormFactor's fair value in the analyst consensus Narrative on Simply Wall St is $147.20 compared with the latest $87.53 close, which points to a wide valuation gap that the narrative links directly to AI driven test demand and margin expansion assumptions.
The earlier expectation that silicon photonics and co packaged optics pilot programs would ramp in 2026 is now reinforced by Systems segment revenue nearly doubling sequentially in Q2 2026 to US$48.5m and management raising the 2026 CPO outlook to significantly above US$20m, with a 2030 CPO served market estimate of US$300 to 400m. This introduces a new engine for revenue growth and mix driven margin improvement.
See why 19 investors see FormFactor as 41% undervalued.
Result: Fair Value of $147.20 (UNDERVALUED)
Still, the FormFactor story can break if AI related test spending slows or if a few large HBM and GPU customers pull back more sharply than expected.
Find out about the key risks to this FormFactor narrative.
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This article is general in nature and was produced with the assistance of AI automation, based on data and analysis from Simply Wall St. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include FORM.
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