The Zhitong Finance App learned that on Thursday, ST Semiconductor (STM.US) plummeted by more than 17% to $54.16. According to the news, STMicroelectronics released performance guidelines. Thanks to the boost from demand for artificial intelligence data centers, the company's business is expected to grow in the current quarter. According to a statement issued by the company, based on the median value of the guideline range, third-quarter revenue is expected to increase by about 6.2% over the same period last year, to reach 3.7 billion US dollars. This figure is slightly lower than the average analyst estimate of $3.79 billion compiled by the market.

The Zhitong Finance App learned that on Thursday, ST Semiconductor (STM.US) plummeted by more than 17% to $54.16. According to the news, STMicroelectronics released performance guidelines. Thanks to the boost from demand for artificial intelligence data centers, the company's business is expected to grow in the current quarter. According to a statement issued by the company, based on the median value of the guideline range, third-quarter revenue is expected to increase by about 6.2% over the same period last year, to reach 3.7 billion US dollars. This figure is slightly lower than the average analyst estimate of $3.79 billion compiled by the market.