STMicroelectronics shares plunge 18% as a soft Q3 forecast overshadows Q2 earnings beats and expanding AI data center targets.

July 23 : STMicroelectronics reported second-quarter core profit below market expectations and forecast third-quarter revenue slightly below analyst estimates on Thursday, sending…

July 23 : STMicroelectronics forecast a third-quarter revenue with a midpoint slightly below market expectations on Thursday, but said chip demand from automotive, AI-related,…