STMicroelectronics surges after raising data center revenue outlook


STMicroelectronics (or ST) offices in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

STMicroelectronics (STM) has nearly doubled its forecast for revenue from its data center business to about $1B in 2026.

The company — in which the French and Italian governments hold a stake — cited continued strong AI infrastructure-led demand and recent progress made on



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