"AI demand ignites growth! STMicroelectronics (STM.US) hits record high before market opening: revenue guidance doubles, expansion may be finalized before the end of the year."

According to the Wise Wealth APP, on Tuesday, STMicroelectronics (STM.US) dropped a double-heavy bomb in AI: not only significantly raised the full-year revenue target for its data center business to $1 billion (almost double the previous guidance), its CEO also disclosed that the company is likely to finalize a new round of expansion plans for its Crolles chip factory in France before the end of this year.