SpaceX Supplier STMicroelectronics Slumps Despite Boost to AI Data-Center Sales Goal

Shares in the European chip maker shed more than 15%, even though the chip maker raised its data-center revenue target for a second time this year.

Nestle Sells Half of Waters Unit to Platinum Equity in $3.4 Billion Joint-Venture Deal

The agreement to offload half of its water unit-home to Perrier and San Pellegrino-to Tom Gores's Platinum Equity comes as it continues to shoulder hefty costs from its restructuring efforts.

Intel Earnings Arrive as Chip Stocks Continue to Wobble