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STMicroelectronics eyes AI push, targets $85 amid rally

7/23/2026

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Summary

Story summary

STMicroelectronics (NYSE: STM) traded at $65.43 on July 21 2026 after a 156.6% year-to-date rally.
April 2026 analyst upgrades set a median price target of $57, indicating a 12.88% downside.
The company will release Q2 2026 earnings on July 23 2026 before European markets open.
STMicroelectronics partnered with Amazon Web Services and NVIDIA to expand AI data-center and physical-AI offerings, setting a 12-month price target of $85.

History

Historical Context

Intel’s 2022 decision to separate Xeon processors into P-core and cloud-optimized E-core tracks signaled a move toward dense, AI-ready server chips. The 2024 launch of Granite Rapids, offering up to 86 cores, 136 PCIe 5.0 lanes and matrix-engine acceleration, deepened that cloud-AI focus. STMicroelectronics’ 2026 AI venture follows the same cloud-AI trajectory.

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Story summary

STMicroelectronics (NYSE: STM) traded at $65.43 on July 21 2026 after a 156.6% year-to-date rally.
April 2026 analyst upgrades set a median price target of $57, indicating a 12.88% downside.
The company will release Q2 2026 earnings on July 23 2026 before European markets open.
STMicroelectronics partnered with Amazon Web Services and NVIDIA to expand AI data-center and physical-AI offerings, setting a 12-month price target of $85.

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