STMicroelectronics Raises Data Centre Revenue Targets Amid AI Demand

STMicroelectronics raised its data centre revenue targets for 2026 and 2027 due to strong demand linked to AI infrastructure. The company's shares surged over 8%, reaching a 25-year high, as it now forecasts $1 billion in data centre revenue by the end of 2026.

By Nathan Vifflin Tue, June 2, 2026 at 9:10 AM GMT+3 1 min read · Yahoo Finance · June 2, 2026, 06:10 UTC

STMicroelectronics Raises Data Centre Revenue Targets Amid AI Demand

Tickers: $STM

Topics: AI infrastructure data centre revenue stock performance

Read the full article at Yahoo Finance

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