Semiconductor Shares Slid in Morning Trading, With STMicro Stock Tumbling 12%

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Semiconductor Shares Slid in Morning Trading, With STMicro Stock Tumbling 12%

Tiger Newspress07-25

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.

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