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STMicroelectronics N.V. Stock Jumps 5.9% as AI and Space Chip Bets Put STM Back in Play
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STMicroelectronics N.V. Stock Jumps 5.9% as AI and Space Chip Bets Put STM Back in Play
STMicroelectronics’ U.S. shares rose 5.9% to $59.17 Friday after Berenberg reaffirmed its Buy rating, citing momentum from AI and satellite chip sales. The company reported Q1 revenue of $3.10 billion and expects Q2 revenue around $3.45 billion. ST projects data-center revenue above $500 million in 2026 and space chip revenue nearing $1 billion. Morningstar raised its fair-value estimate for ST to $46. The post STMicroelectronics N.V. Stock Jump…
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