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South Korean chip shares surge after Micron flags strong AI-related demand
Reuters51d agobullish
South Korean chip shares surge after Micron flags strong AI-related demand

South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron ‌Technology's quarterly results and forecast beat expectations, boosting optimism ‌over sustained demand for AI-related chips. Shares of SK Hynix and Samsung Electronics rose ​as much as 11.6% and 6.2%, respectively, in early trade, tracking a rally in U.S. chip stocks after Micron's earnings and outlook reinforced confidence in the memory sector. The rally also followed SK ‌Hynix's announcement on Wednesday ⁠of plans to raise up to 45.45 trillion won ($29.52 billion) through a secondary listing on Nasdaq, ⁠as it seeks to capitalise on strong investor appetite for AI stocks.

Bloomberg60d agobullish
STMicro Eyes $1.5 Billion Convertible Bonds After AI-Fueled Jump

(Bloomberg) -- STMicroelectronics NV is looking to raise $1.5 billion from selling debt that can be exchanged into equity after the chipmaker’s shares tripled in value so far this year. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen Horm

Investing.com66d agobullish
STMicro gains as BofA upgrades stock to Buy with Street-high price target

Investing.com -- Bank of America upgraded STMicroelectronics (EPA:STMPA) (NYSE:STM) shares to Buy from Neutral on Tuesday, setting a Street-high price target of €86/$100, arguing the market is underestimating the chipmaker’s earnings power over the next two to three years.

A Look At STMicroelectronics (ENXTPA:STMPA) Valuation After Earnings Beat Guidance Upgrade And AI Data Center Push
Simply Wall St.113d agobullish
A Look At STMicroelectronics (ENXTPA:STMPA) Valuation After Earnings Beat Guidance Upgrade And AI Data Center Push

Q1 earnings beat and guidance shift focus to AI and data centers STMicroelectronics (ENXTPA:STMPA) is back in the spotlight after first quarter earnings and guidance pointed to recovering demand in key chip markets, alongside management’s growing emphasis on AI and data center opportunities. For Q1 2026, STMicroelectronics reported sales of US$3,089 million and revenue of US$3,095 million, compared with US$2,513 million and US$2,517 million a year earlier. Net income was US$37 million, with...