Semiconductor shares slid in morning trading.
STMicro stock tumbled over 12%; Arm Holdings fell over 10%; Nvidia dropped over 5%; AMD, Micron fell over 3%.
Franco-Italian chipmaker STMicroelectronics cut its full-year revenue guidance for the second time this year on Thursday as industrial customer orders did not improve and automotive demand declined.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments