STMicro shares hit 25-year high on raised AI targets
STMicroelectronics shares rose 10% after the company increased its 2026 data centre revenue forecast to 1 billion dollars. The chipmaker cited strong demand for AI power infrastructure and expects revenue from the segment to double again by 2027 as factory capacity expands.
STMicroelectronics raised its 2026 data center revenue target to $1 billion on June 2 as AI infrastructure demand accelerates. Shares jumped 10% to €65.21, marking their highest level since September 2000. The company expects data center revenue to reach $1 billion in 2026, up from its previous forecast of $500 million.
### AI Infrastructure Drives Revenue Doubling STMicroelectronics projects this figure could double again in 2027 if current demand dynamics and customer engagements persist. This updated outlook follows successful efforts to expand factory capacity to meet global orders.
