After a rather volatile morning, Ams shares are on Tuesday around noon, still back to the biggest loss among the blue chips.
Following downward forecasts from Apple's Lumentum supplier, the price of a more than a fifth collapse on Tuesday with British chip maker IQE, another supplier to the iPhone maker has discounted its annual forecast.
At around 12:15 a.m., stocks are 4.2% lower at 28.58 francs. Thus, they are just above their previous daily low of 28.51 francs, which also means the lowest level since the beginning of 2017. Since the beginning of the year, this has resulted in price losses of more than two-thirds of the shares .
The trigger for the recent slide on Tuesday is the warning from UK chipmaker IQE. As the company announced, the main profit in the current fiscal year should be 16% lower than the previous year.
Only Monday, Apple's Lumentum vendor, which is one of the most important producers of iPhone facial recognition technology, received its sales and profit forecasts. Lumentum justified this with shortened orders from one of its largest customers.
As on Monday, other stocks in the tech sector also fell on Tuesday at noon. For example, Temenos among the blue chips is slightly down at -0.1%, while in the broader market, the U-Blox at -3.9%, is also accompanying the previous weak day and also VAT shares in -0.3% meanwhile, negative signals.
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