STMicroelectronics NV
STMPA: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| %#P | LOCK|?z>R | LOCK|P?$Mn$ |
STMicro: Raising Fair Value to $72 From $46 as Company Lifts Revenue Forecasts Amid AI Boom
STMicroelectronics has raised its revenue ambition for its data center chip business. It now expects $1 billion of data center revenue in 2026, up from prior comments of “nicely above $500 million,” and thinks revenue could double in 2027, up from “well above $1 billion” expected previously.
