STMicroelectronics is trading 5.01% lower at $44.99 as semiconductor shares face broad selling pressure.
- European chipmakers, including STMicroelectronics, declined amid AI valuation concerns, inflation and elevated oil prices.
- Hotter-than-expected U.S. inflation raised rate-hike concerns and weighed on technology shares; Bloomberg described a global chip rout amid questions over AI spending and returns.
- No clear company-specific announcement explaining the decline was found.