STMicroelectronics NV ADR

STM: XNYS (USA)
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STMicro: Raising Fair Value to $72 From $46 as Company Lifts Revenue Forecasts Amid AI Boom

STMicroelectronics has raised its revenue ambition for its data center chip business. It now expects $1 billion of data center revenue in 2026, up from prior comments of “nicely above $500 million,” and thinks revenue could double in 2027, up from “well above $1 billion” expected previously.

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