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STMICROELECTRONICS FORECASTS
AI fever spreads, but are markets masking economic cracks?Investors are pouring money into Artificial Intelligence, even as economic worries grow. SpaceX's massive IPO signals strong AI interest. C...- Ahead of Market: 10 things that will decide stock market action on WednesdayIndian benchmark indices ended higher after a volatile session, with late buying in heavyweight IT stocks lifting sentiment. Sensex gained ...
- STMicro lifts data centre revenue goals on AI demand, shares hit 25-year highThe Franco-Italian chipmaker's shares rose as much as 10% to €65.21 per share, their highest since September 2000. They were up 8.4% as o...
- Global Markets: European stocks rise as STMicroelectronics' forecasts lift tech stocksEuropean shares climbed Tuesday, led by technology stocks boosted by strong forecasts from STMicroelectronics amid AI demand. Investors awa...
- European shares end at more than one-month high on tech boostEuropean shares closed at over a month's high, boosted by technology stocks and optimism surrounding a potential Middle East conflict resol...
- Europe lacks everything needed to make its stock market a winnerEuropean stocks have lost their momentum as investors shift focus from cheaper regional equities to the AI boom and seek refuge from a glob...
- STMicro sees better quarterly sales after bottom-of-year first quarterOne of Europe's largest chipmakers expects revenue of $2.71 billion in the second quarter, 16.2% lower than last year but above analysts' e...
- STMicroelectronics cuts full-year outlook for second timeSTMicroelectronics, whose clients include Tesla and Apple, said it expects revenue of $13.2 billion to $13.7 billion for 2024, down from a ...
- STMicroelectronics CEO says China is a growth market despite US chip warSpeaking at a Citi technology conference in London, CEO Jean-Marc Chery said the company is not daunted by plans by Chinese chipmakers to i...
- STMicro sees Q1 sales well below estimates as auto chip demand softensThe company, whose clients include Tesla and Apple, expects first-quarter revenue of $3.6 billion, down from $4.25 billion a year earlier. ...
- STMicroelectronics posts higher Q2 sales helped by automotive demandSTM said it expects third-quarter net revenues of $4.38 billion, a touch above the $4.32 billion it posted in the third quarter last year. ...
- GlobalFoundries scraps plan to appoint former top Amazon executive Tim Stone as CFOGlobalFoundries had in May named Stone, who was at Amazon for more than 20 years and served as CFO for AWS and Devices businesses. He has a...
- European stocks slip ahead of ECB decision, Credit Suisse drops on turnaround plansInvestors are awaiting the European Central Bank's policy decision, due at 1215 GMT, with traders almost fully pricing in a 75 basis point ...
- Chipmakers weigh on Europe's STOXX 600; focus on U.S. jobs dataAll eyes are on the U.S. nonfarm payrolls report, due at 1230 GMT, which will show job growth likely slowed in September, although overall ...
- Upbeat earnings, Fed comments lift European shares to 7-week highThe Fed hiked the main interest rate by 75 basis points as expected, and reiterated inflation control as priority, but dropped guidance on ...
- European stocks slump following Wall Street rout on rate worriesThe continent-wide STOXX 600 index slid 1.7%, reversing much of the mid-week gains. Technology, automakers and mining stocks were the top l...
- European stocks open higher after upbeat H&M, STMicro resultsH&M rose 5.6% as it reported a third-quarter profit above analysts' expectations and said sales continued to recover in September. The reta...
- European shares tepid at the end of strong quarterThe pan-European STOXX 600 index looked set to post its biggest quarterly gain since March 2015 with a 12.5% rise.
- European shares hit record high on drop in new virus cases, hopes of China stimulusDialog Semiconductor, STMicroelectronics and AMS AG, were among the top performers on the day.
- STMicro, Intel to form new co for flash chipsSTMicroelectronics and Intel plan to combine their unprofitable flash-memory businesses into a new company, creating the world’s largest ma...
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