STMicroelectronics reported $3.49B revenue (+26% YoY) in Q2 2026 and raised its AI outlook, but missed EBITDA estimates and issued softer guidance, sending shares down 14%.
STMicro stock jumps as AI data center demand boosts revenue outlook, helping offset weak car chip sales and driving strong growth.
Chip stocks fell after a Trump–Xi meeting brought no deals. Nvidia, Intel, AMD dropped as hopes for China sales and AI growth cooled.
Texas Instruments beat Q1 estimates, boosted by AI chip demand, strong auto & industrial recovery, and raised its Q2 outlook.
STMicroelectronics shares jump 7% after securing multibillion-dollar AWS partnership to supply AI data center chips, marking European chipmaker's entry into booming AI infrastructure market.
Atomera stock drops 34% to a 52-week low after STMicroelectronics decided not to use its Mears Silicon Technology (MST) in upcoming products.
