European Chip Stocks Slide After Broadcom Guidance Disappoints -- Market Talk

Dow Jones06-04 16:27

0827 GMT - Shares of European semiconductor companies are in the red after Broadcom's guidance for the current quarter didn't impress investors. Broadcom, which helps companies like Google, OpenAI and Meta to design custom AI accelerator chips, forecasts revenue of approximately $29.4 billion for its fiscal third quarter. "Broadcom failed to meet analyst expectations," Swissquote Bank's Ipek Ozkardeskaya writes in a note. Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are down 2% and 3.2%, respectively. Shares of BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, are down 3.1%. German chip maker Infineon Technologies is down 4.5%. STMicroelectronics shares are down 5.5%. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

June 04, 2026 04:27 ET (08:27 GMT)

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