Semtech's projected earnings and sales for Q4 2024 are both below the estimates, which typically results in negative market reactions. Investors often view such forecasts as a sign of potential challenges ahead for the company, which can lead to a decrease in stock price. The direct mention of the company's financials and the specificity of the figures provide a high level of relevance and importance to the stock. The confidence level is not at 100 because market dynamics can be unpredictable and external factors may influence stock movements.