STMicroelectronics Stock Pulls Back After AI Jump, Focus Shifts to Next Week
STMicroelectronics surged 6.6% this week to 62.82 euros after raising its 2026 data-centre revenue target to about $1 billion, but shares fell 5.85% Friday as investors took profits and global chip sentiment weakened following Broadcom’s outlook; future gains hinge on AI demand, capacity expansion, and ECB rate moves.