STMicroelectronics Raises Data Center Forecast to $1 Billion in 2026
STMicro stock jumps as AI data center demand boosts revenue outlook, helping offset weak car chip sales and driving strong growth.
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.