FRANKFURT (dpa-AFX) - Technology stocks had a hard time on Monday in view of the weakness of the Nasdaq before the weekend. The Stoxx Europe 600 Technology sector index extended its correction particularly sharply, with semiconductor stocks in particular coming under pressure.
STMicro $STMPA (-0.66%)
lost around three percent following a downgrade by the experts at TD Cowen and is back at its November low. Infineon
look better overall, but also lost 2% at the end of the Dax. Aixtron $AIXA (+0.28%) sank over 7% in the MDax.
Analyst Tim Wunderlich from Hauck Aufhäuser Investment Banking had canceled his buy recommendation for Aixtron. His price target of 13.80 euros is still below the current Xetra level. Sluggish consumer demand, political risks with regard to the development of electromobility and high inventories in the supply chains are likely to continue to weigh on demand for silicon carbide (SiC) power semiconductors in 2025, he wrote./ag/mis
Source: dpa-Afx
Although I don't think this news is new. And should slowly be priced into the share price. What do you think, will there be a further downhill slide?
