Citi analysts pointed out in a report to clients that STMicroelectronics (STM.US) shares have already reflected the recovery of its end markets and the accelerated growth in data center revenue. The analysts stated that the European chipmaker's Q2 results and guidance were broadly in line with market consensus, which has contributed to the stock's rise this year. Since January, STMicroelectronics shares have increased more than twofold, with a gain of nearly 160%. The analysts commented: “If to

Citi analysts pointed out in a report to clients that STMicroelectronics (STM.US) shares have already reflected the recovery of its end markets and the accelerated growth in data center revenue. The analysts stated that the European chipmaker's Q2 results and guidance were broadly in line with market consensus, which has contributed to the stock's rise this year. Since January, STMicroelectronics shares have increased more than twofold, with a gain of nearly 160%. The analysts commented: “If to

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Citi analysts pointed out in a report to clients that the share price of STMicroelectronics (STM.US) has already reflected the recovery of its end markets and the accelerated growth in data center revenues. The analysts stated that the European chipmaker’s second-quarter performance and guidance are basically in line with general market expectations, which has led to a rise in its share price this year. Since January, STMicroelectronics' share price has more than doubled, increasing by nearly 160%. The analysts commented: “If today’s expectations do not boost the share price, it may face resistance in the short term.”

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