STM launched innovative STM32N6 MCU series with AI capabilities, aiming to drive growth and innovation.

From Nasdaq: 2024-12-11 09:48:00

STMicroelectronics (STM) has seen a 47.5% YTD stock plunge due to declining order entry and changing consumer preferences towards hybrids over fully electric vehicles. Despite this, STM launched the STM32N6 MCU series with groundbreaking AI capabilities for embedded systems and wearables, aiming to drive growth and innovation in the market.

The introduction of the EVLDRIVE101-HPD motor-drive reference design and STM32 MCUs for industrial applications showcases STM’s commitment to expanding its market presence. Additionally, the ST Edge AI Suite software tools provide a unified platform for embedded AI applications, positioning STM as a leader in technological advancements for industrial and energy-efficient solutions.

For Q4 and FY24, STM expects revenue declines of 22.4% and 23.2%, respectively, due to challenges in the automotive and industrial markets. Despite this, STM remains resilient with creative product launches and agreements, making it a compelling long-term investment choice. Investors should consider STM’s strong fundamentals, though near-term challenges may impact stock performance in the short run.



Read more at Nasdaq: Can STM’s New STM32N6 MCU Series Give a Fresh Boost to the Stock?