Tech Rally Ahead of Microsoft, Alphabet Results; SK Hynix Sees Memory Shortage to 2030
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STMicroelectronics reported Q3 2026 adjusted EPS of $0.37, below the $0.41 consensus, indicating weaker-than-expected profitability. The miss suggests ongoing softness in semiconductor demand, particularly in automotive and industrial segments. This may weigh on European tech stocks and signal broader sector headwinds.
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