STMicroelectronics Raises Data Center Revenue Targets Amid Surging AI Demand as Stock Reaches 25-Year Peak
STMicroelectronics has upgraded its revenue projections for the data center segment, citing robust demand driven by artificial intelligence applications. The positive outlook helped propel the company’s shares to their highest level in 25 years.
Source: Reuters Generated at: 2026-06-02 06:11:00 UTC
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