From Yahoo Finance: 2025-06-04 23:50:00

STMicroelectronics N.V. (NYSE:STM) saw a 10.67% jump in stock price on Wednesday, closing at $28.41, fueled by optimism of hitting revenue guidance for Q2 amid high demand for its semiconductors. The company expects $2.71 billion in Q2 revenues, a 7.7% increase from Q1. However, layoffs of 5,000 employees and a significant drop in net income and revenues were reported in Q1.



Read more at Yahoo Finance: Why STMicroelectronics N.V. (STM) Skyrocketed Today