Christina Kyriasoglou / Bloomberg:
STMicro forecasts Q3 revenue up ~16% YoY to $3.7B, below $3.79B est., and expects AI sales to pass $1B in 2026 and be “well above $2B” in 2027; STM falls 14%+ — STMicroelectronics NV plunged the most in a year after the chipmaker forecast third-quarter sales that missed analysts' expectations …
