On July 15, STMicroelectronics fell 3.21% in regular trading, trading at $68.01/share, with turnover of $173 million. The decline came amid broad-based semiconductor weakness, with Micron Technology down 5.85%, Intel down 3.90%, Advanced Micro Devices down 2.78%, and NVIDIA down 0.57%.
On the news front, the previously popular buy chips, sell software crowded trade in US equities is showing signs of unwinding. Meta's plan to rent out idle AI computing capacity has punctured the core narrative that computing power is perpetually scarce. The Philadelphia Semiconductor Index has fallen approximately 12% in July, keeping the sector under sustained pressure. Additionally, Samsung's quarterly results triggered a buy the rumor, sell the news reaction, sparking chain selling across global chip stocks.
STMicroelectronics is scheduled to report earnings on July 23, with consensus EPS expectations of $0.26. The approaching earnings window has amplified uncertainty and intensified selling pressure on the stock.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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