From Stocktwits: 2025-04-01 01:24:00

STMicroelectronics NV partners with Innoscience Technology Holding Co. Ltd. to develop GaN technology for data centers due to high demand in artificial intelligence. STMicro’s shares fell by nearly 1% as technology stocks declined post-Trump administration’s tariff actions. GaN allows for smaller, lighter, and more power-efficient devices and can handle higher voltages and temperatures than silicon-powered devices. Retail sentiment on Stocktwits around STMicro remained ‘extremely bullish’. Analysts at BofA Securities raised STMicro’s price target to $28. STMicro stock has declined over 12% year-to-date. Analysts expect growth to accelerate in the second half of 2025, partly due to Apple Inc.’s iPhone 17 series utilizing more content from STMicro.



Read more at Stocktwits: STMicro Chalks Partnership To Develop GaN Technology, Stock Edges Lower: Retail Remains Extremely Bullish