STMicroelectronics is trading 9.33% down at €37.09 as part of a wider retreat from the AI trade and a broad semiconductor sector selloff.
- The decline follows investor concerns that stricter scrutiny could slow AI data-center construction, impacting infrastructure stocks.
- Sentiment was further pressured by Qualcomm’s weak handset outlook, which raised broader questions about global chip demand.
- No company-specific catalysts were identified, with the price action aligning with sector-wide sentiment rather than a new corporate event.