Paris-listed shares jumped 8.2%, adding to a rally that has led the stock to nearly triple its value since the start of the year.
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June 2 (Reuters) - European shares opened higher on Tuesday as strong forecasts from chipmaker STMicroelectronics lifted technology stocks, while investors awaited a key inflation report later in the
STMicroelectronics raised the revenue target for its data centre business on Tuesday, citing continued strong demand tied to AI infrastructure and progress in expanding capacity. The Franco-Italian chipmaker now expects data centre revenue of about $1 billion in 2026, compared with its previous forecast for revenue "nicely above" $500 million. "Assuming the current dynamic continues and with the current engagements we have, revenues could double in 2027," STMicro said in a statement.
Top Stock for AI’s Next Megatrend: Infineon The development of AI data centers has pushed the limits of the industry in several categories. For instance, capex keeps increasing, as infrastructure expands. Energy might be one of the sectors with the fastest growth. Normally it grows at a steady pace, nonetheless to keep up with the ... Top Stock for AI’s Next Megatrend: Infineon
ON Semiconductor posts a third straight sequential gross margin gain to 38.5% as AI data center revenues surge and Fab Right lifts utilization and mix.
ADI's industrial segment surges 56% year over year in Q2 fiscal 2026, fueled by AI infrastructure, automation and defense demand.
European blue-chip stock indexes edged lower as increasing pessimism around a U.S.-Iran peace deal weighed on market confidence. Technology stocks gained amid broader risk-off sentiment, with the Europe-wide Stoxx 600 slipping 0.
(Bloomberg) -- Italy’s benchmark equity index rose past its all-time closing high set in 2000, with a recent rally in energy and chip stocks supercharging it to record levels.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps Remain on Uranium, Sanctions
European stock markets closed higher Friday as the Stoxx Europe 600 rose 0.7%, Germany's DAX 40 clim
STMicroelectronics N.V. (NYSE:STM) is one of the 10 Best European Growth Stocks to Buy. On May 15, 2026, Deutsche Bank analyst Robert Sanders raised the firm’s price target on STMicroelectronics N.V. (NYSE:STM) to EUR 42 from EUR 32 while maintaining a Buy rating on the shares. Last month, Citi analyst Andrew Gardiner also raised the […]
Analysts have reset their Fair Value price target for STMicroelectronics to €46.41 from €27.52, pointing to a meaningfully different view of what the equity could be worth. This shift lines up with recent research that has become more constructive on the stock, citing changing expectations around AI server demand, industrial and memory exposure, and execution in key product lines. As you read on, you will see how these evolving assumptions are shaping the story and what to watch as new...
Markets climbed on Friday as hopes of a breakthrough in US-Iran negotiations steadied investor nerves, but with Hormuz shipping still disrupted and oil above $100, uncertainty has far from lifted.View on euronews
Mizuho analyst Vijay Rakesh upgraded his price targets on Micron Technology (MU), STMicroelectronics (STMPA), and Texas Instruments (TXN) this week, arguing that AI data center demand is creating durable tailwinds for both analog chips and memory in ways the market hasn't fully priced in yet. He ...
STMicroelectronics N.V. (NYSE:STM) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. A caller sought Cramer’s opinion on the stock, and here’s what he had to say in response: We’re late, we’re late, we’re late. 51 times earnings does not make it for me, even if it’s […]
ON is gaining EV traction in China as its silicon carbide tech expands across new models and next-gen EV platforms.
NVTS sees AI data centers as a multibillion-dollar growth driver as demand rises for GaN and SiC chips in next-gen power-hungry racks.
Analog Devices heads into Q2 FY26 earnings results with AI data center growth, robotics demand and optical networking trends driving momentum.
STMicroelectronics (NYSE:STM) is one of the best performing semiconductor stocks so far in 2026. On April 28, STMicroelectronics introduced its next generation of ultralow-power global-shutter image sensors, the monochrome VD55G4 and the RGB color VD65G4. Part of the ST BrightSense portfolio, these compact, microcontroller-compatible sensors are engineered for battery-operated or energy-harvesting personal electronics. They target […]
ADI rides AI-driven data center demand and broad-based growth as margins expand despite higher spending and competition.
The European stock markets were tracking lower in Friday trading as investors parse the results - or
Nvidia (NVDA), Advanced Micro Devices (AMD) and Intel (INTC) shares declined in Friday trading, whil
By Twesha Dikshit and Avinash P May 14 (Reuters) - European shares closed higher on Thursday, after hitting the highest in a week with a boost from technology stocks, while investors remained cautious
Shares of European semiconductor companies were edging higher after Foxconn reported robust first-quarter revenue and profit and as President Trump brings a delegation of tech CEOs on his trip to China. Foxconn, which generates a significant share of revenue making AI servers for companies like Nvidia, reported 19% growth in net profit to 49.92 billion New Taiwan dollars and 29% growth in revenue to 2.120 trillion New Taiwan dollars. Meanwhile, Trump is meeting Chinese leader Xi Jinping in a summit attended by Nvidia's Jensen Huang, Apple's Tim Cook and Tesla's Elon Musk.
Introduction In its Q1 2026 earnings call on May 5, 2026, onsemi (ON) reported financial results reflecting improving conditions following a prolonged semiconductor downturn. The company posted revenue of $1.51 billion, compared with $1.86 billion in Q1 2024. Non-GAAP EPS was $0.64. onsemi operates three business segments: Power Solutions Group (PSG) Advanced Solutions Group (ASG) ... onsemi is Facing a Continued Slowdown in SiC and Greater Competition in CIS from Sony
STMicroelectronics N.V. (NYSE:STM) is one of the 12 Best Photonics Stocks to Buy Now. On May 5, BofA boosted its price target for STMicroelectronics N.V. (NYSE:STM) to EUR 49 from EUR 42. It kept a Neutral rating on the stock. The firm belief that low earth orbit exposure supports space as a “structurally attractive growth […]