What the news says
The stock decline reflects investor concern over demand trajectory for semiconductor products, particularly relevant to technology sector positioning and data center infrastructure spending expectations.
07/23, 08:02 PM
STMicroelectronics shares fell 18% after the company issued a weak Q3 sales forecast despite Q2 earnings beats and AI data center growth.
STMicroelectronics shares fell 18% after the company issued a weak Q3 sales forecast despite Q2 earnings beats and AI data center growth.
Affected assets
finnhub-AAPL
07/23, 08:02 PM
Related updates
marketwatch-top · 07/23, 03:36 PM
Event soonTexas Instruments and STMicroelectronics share prices fell after both analog semiconductor makers reported second-quarter results that disappointed relative to elevated expectations despite strong demand.
LiveSquawk · 07/23, 02:16 PM
Market reactionSTMicroelectronics fell 17% following a disappointing Q2 results and guidance miss.
LiveSquawk · 07/23, 02:04 PM
Market reactionSTMicroelectronics failed to open for trading following Q2 results and is indicated down approximately 10%.
ZeroHedge · 07/23, 12:04 PM
Market reactionSTMicroelectronics forecasts third-quarter net revenue of $3.70 billion, below the $3.79 billion estimate.
finnhub-AAPL · 06/30, 12:57 AM
Market reactionThe post reports that STMicroelectronics shares rose after a Barclays upgrade, citing improving revenue outlook across key growth areas.
finnhub-AAPL · 06/16, 02:48 PM
Market reactionSTMicroelectronics plans to raise $1.5 billion from convertible bonds after shares tripled this year.
wsj-business · 07/23, 12:44 PM
Market reactionSTMicroelectronics, a supplier to SpaceX, Apple, and Tesla, raised its AI data-center revenue target again after upgrading its forecast in June.
jin10 · 07/21, 10:18 PM
Market reactionPresident Trump said he would handle a possible Red Sea blockade if it occurs.