STMicroelectronics Rises as Investors Reassess AI Data Center Growth Outlook
STMicroelectronics shares rose 4.2% as investors reacted to improving sentiment around its AI and data-center exposure rather than a new announcement. Late-July results and a stronger second-half 2026 outlook helped investors see a path to faster revenue growth. In its Q2 2026 release, revenue was $3.49 billion and guidance implied sequential growth into Q3.