Despite the lower-than-expected sales outlook, STM can be looked upon as an attractive investment option now.
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Investors rotate out of AI chipmakers while software stocks show greater resilience during earnings season.
Chipmaker raises AI sales outlook but weaker third-quarter guidance weighs on investor expectations.
The chipmaker raised its data center revenue forecast despite a softer near-term sales outlook.
The European chip maker, which also counts Apple and Tesla among its clients, raised its revenue target after having had upgraded its forecast in June.
Investing.com -- European semiconductor stocks fell on Thursday after Broadcom held its $100 billion artificial intelligence revenue forecast unchanged, disappointing investors and sending the U.S. chipmaker’s shares down more than 13% in premarket trading.