STMicroelectronics NV nearly doubled its forecast for revenue from its data centers business to $1 billion this year on booming demand for artificial intelligence infrastructure. The semiconductor manufacturer raised its sales target for the business from more than $500 million previously, the Franco-Italian company said in a statement on Tuesday. Revenues for the business could also double in 202...
STMicroelectronics NV nearly doubled its forecast for revenue from its data centers business to $1 billion this year on booming demand for artificial intelligence infrastructure. The semiconductor manufacturer raised its sales target for the business from more than $500 million previously, the Franco-Italian company said in a statement on Tuesday. Revenues for the business could also double in 2027 if growth in demand continues, it said. In February, STMicro said that it would supply semiconductors to Amazon.com Inc. ’s AWS, including chips to support connectivity and power management. Chief Executive Officer Jean-Marc Chery has positioned the chipmaker, which supplies Tesla Inc. and Apple Inc. , to expand beyond the consumer electronics and automotive industries into higher growth businesses, including data centers. He said at the company’s last financial report in April that this year would be a “significant breakthrough” in revenue from the computing facilities that are used to train and deploy AI. Read More: Amazon Deepens Ties With Chipmaker STMicro for Data Centers STMicro’s shares rose 0.6% to close at €59.30 on Monday and gained 164% so far this year.
The stock may have been treated harshly based on the company's fundamentals alone, but the drop makes more sense in the context of the broader AI landscape.
The stock may have been treated harshly based on the company's fundamentals alone, but the drop makes more sense in the context of the broader AI landscape.
Second major of the year is wide open after exits of Sinner and Djokovic, paving way for a first-time finalist in Paris In the immediate aftermath of one of the most significant wins of his career, a victory over the unheralded Zachary Svajda that sent him into his first quarter-final at Roland Garros on Monday, Flavio Cobolli was posed a straightforward question. The Italian had been easing throu...
Second major of the year is wide open after exits of Sinner and Djokovic, paving way for a first-time finalist in Paris In the immediate aftermath of one of the most significant wins of his career, a victory over the unheralded Zachary Svajda that sent him into his first quarter-final at Roland Garros on Monday, Flavio Cobolli was posed a straightforward question. The Italian had been easing through the match, leading 5-1 in set four, when he almost capitulated. After desperately dragging himself over the line in an excruciating tie‑break, the 10th-seed’s evaluation was succinct: “I almost shit on my pants.” The majority of men at this year’s French Open have similarly had to closely monitor their bowel movements on the court considering the world of opportunities available for them. Carlos Alcaraz, the champion here for the past two years, is not playing because of a wrist injury . So the defeats in consecutive days of the top seed , Jannik Sinner, and Novak Djokovic , the 24-time grand slam champion, meant from as early as the third round that a new major winner would be crowned. Continue reading...
Julian Nagelsmann will rely on a Bayern-based core, but individual class is in worryingly short supply This article is part of the Guardian’s 2026 World Cup Experts’ Network , a cooperation between some of the best media organisations from the 48 countries who qualified. theguardian.com is running previews from three countries each day in the run-up to the tournament kicking off on 11 June. Contin...
Julian Nagelsmann will rely on a Bayern-based core, but individual class is in worryingly short supply This article is part of the Guardian’s 2026 World Cup Experts’ Network , a cooperation between some of the best media organisations from the 48 countries who qualified. theguardian.com is running previews from three countries each day in the run-up to the tournament kicking off on 11 June. Continue reading...
TAIPEI, Taiwan, June 02, 2026--Intel Announces New AI Innovations at Computex — Chip to Rackscale AI Solutions Delivered to Customers with the Help of Strategic Industry Partners
TAIPEI, Taiwan, June 02, 2026--Intel Announces New AI Innovations at Computex — Chip to Rackscale AI Solutions Delivered to Customers with the Help of Strategic Industry Partners
Intel Announces New AI Innovations at Computex — Chip to Rackscale AI Solutions Delivered to Customers with the Help of Strategic Industry Partners Business Wire
Intel Announces New AI Innovations at Computex — Chip to Rackscale AI Solutions Delivered to Customers with the Help of Strategic Industry Partners Business Wire
Artificial intelligence stocks have taken off in 2026 as their fundamentals get stronger, but it's getting harder to find good deals. Even so, Google owner Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) still looks like a smart pick for those who believe in AI stocks. Brady Corporation (NYSE: BRC) , which focuses on printing, labeling, and product identification, and Belden (NYSE: BDC) , which makes data...
Artificial intelligence stocks have taken off in 2026 as their fundamentals get stronger, but it's getting harder to find good deals. Even so, Google owner Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) still looks like a smart pick for those who believe in AI stocks. Brady Corporation (NYSE: BRC) , which focuses on printing, labeling, and product identification, and Belden (NYSE: BDC) , which makes data and networking products, also offer solid value. With both companies increasing their involvement in AI data center spending, they look like attractive buys. The IT giant's capital spending is soaring as it builds out the AI infrastructure necessary to service future AI growth. Consequently, its annual free cash flow (FCF) is declining. What will its FCF look like after the big ramp-up in capital spending is over? According to PwC, total spending on data centers will begin to decline significantly in the 2030, and by the end of the year, digital network spending ( inference using AI) will exceed data center infrastructure spending (building and training AI). Continue reading
Chip stocks, led by Intel and Qualcomm fell sharply, while PC stocks, led by Dell Technologies and HP jumped. A new kind of PC, even one armed with an Nvidia chip, will be an uphill climb. Amid a memory shortage, it could hardly be a worse moment to be launching a new PC platform.
Chip stocks, led by Intel and Qualcomm fell sharply, while PC stocks, led by Dell Technologies and HP jumped. A new kind of PC, even one armed with an Nvidia chip, will be an uphill climb. Amid a memory shortage, it could hardly be a worse moment to be launching a new PC platform.
President Trump says Israel and Hezbollah have agreed to dial back fighting, after his talk with Prime Minister Benjamin Netanyahu, and communication with Hezbollah through mediators. Iran said it was suspending talks with the US over fighting in Lebanon, which it says must stop as part of a broader peace deal. Niamh McBurney, Associate Director at Control Risks spoke to Bloomberg's Abeer Abu Omar...
President Trump says Israel and Hezbollah have agreed to dial back fighting, after his talk with Prime Minister Benjamin Netanyahu, and communication with Hezbollah through mediators. Iran said it was suspending talks with the US over fighting in Lebanon, which it says must stop as part of a broader peace deal. Niamh McBurney, Associate Director at Control Risks spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa about the likelihood of a new deal between the countries. (Source: Bloomberg)
All pace bowlers have a specific role in a pace attack, so how will Ollie Robinson, Gus Atkinson and Josh Tongue combine? Steven Finn takes a look in his latest BBC Sport column.
All pace bowlers have a specific role in a pace attack, so how will Ollie Robinson, Gus Atkinson and Josh Tongue combine? Steven Finn takes a look in his latest BBC Sport column.
Despite advantages such as rich resources and extensive infrastructure, China still faces challenges in attracting more foreign visitors, Trip.com co-founder and Executive Chairman James Liang Jianzhang said Monday at an inbound tourism forum. Photo: VCG Trip.com Group Ltd. plans to invest approximately 15 billion yuan ($2.2 billion) over the next five years in marketing campaigns aimed at bringin...
Despite advantages such as rich resources and extensive infrastructure, China still faces challenges in attracting more foreign visitors, Trip.com co-founder and Executive Chairman James Liang Jianzhang said Monday at an inbound tourism forum. Photo: VCG Trip.com Group Ltd. plans to invest approximately 15 billion yuan ($2.2 billion) over the next five years in marketing campaigns aimed at bringing more overseas travelers to the Chinese mainland and helping make it the world’s top tourist destination. Nasdaq-listed Trip.com will allocate the funds toward brand endorsements, influencer promotions and offline marketing campaigns, co-founder and Executive Chairman James Liang Jianzhang said Monday at an inbound tourism forum in Guilin, Guangxi Zhuang autonomous region.