Semi stocks plunged after earnings: What's wrong with them?
@Value_investing:
Recently, semiconductor companies intensively released third-quarterly results, but most of the stock prices plummeted after that.On October 24, the global analog chip giant $Texas Instruments(TXN)$ released financial results, performance and guidance fell short of expectations, the stock price hit a three-year low;On October 26, $STMicroelectronics NV(STM)$ released financial results, guidance was was lower than expected, and the stock price hit a new low since the adjustment;On October 30, automotive chip giant $ON Semiconductor(ON)$ released financial results, guidance missed expectations, and its share price plummeted 21.77%;On October 31,