STMicroelectronics (STM) Reaches New High as Revenue Outlook Doubles

STMicroelectronics (NYSE:STM) reached a new all-time high on Tuesday after doubling its full-year 2026 revenue growth forecast, driven by strong demand from AI data centers. The stock surged intra-day to $80.58 before closing at $79.51 with gains of 15.2%. First-quarter revenues rose 23% year-on-year.

By Angelica Ballesteros Wed, June 3, 2026 at 2:54 AM GMT+3 2 min read · Yahoo Finance · June 2, 2026, 23:54 UTC

STMicroelectronics (STM) Reaches New High as Revenue Outlook Doubles

Tickers: $STM

Topics: AI demand revenue outlook STMicroelectronics stock performance

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