ONTO got smoked - opportunity?

I had this as a buy at higher levels, but support was lost and I exited my position at a small loss. We have now dropped over 30% today, the earnings suggest 2-4 tough quarters ahead. But I believe this to be one of the best opportunities in the semiconductor space. It’s a smaller cap stock and they focus on providing metrology solutions, advanced packaging for AI. Expect wild swings to the downside and upside, I believe the downside swing has just occurred as investors don’t have the patience to hold through a cyclical downturn.

I’m dipping my toes into this now, not financial advice, do what’s best for you.