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-0.000670241286863296 -0.000259159964253829 0.00223413762287744 0.000670241286863137 0.00178731009830202 0.00268096514745303 -0.00268319928507598 -0.00270330652368191
Stock impact report

European chip, electrical stocks surge as AI optimism builds on earnings [Yahoo! Finance]

STMicroelectronics N.V. (STM) 
Last stmicroelectronics n.v. earnings: 4/22 01:00 am Check Earnings Report
US:NYSE Investor Relations: investors.st.com
Company Research Source: Yahoo! Finance
investors piled into stocks set to ?benefit from the artificial intelligence investment boom, following upbeat earnings reports and an ?outsized surge in U.S. peers. Computer chip equipment maker ASM International surged 9% to an all-time high after it guided ?for second-quarter sales well ahead of market expectations, with analysts highlighting robust AI-driven demand. Swiss engineering company ABB raised its full-year outlook, saying booming demand from data centres and other parts of its electrification business offset heightened uncertainties linked to the Iran war. Its shares also hit a new ?record. The rally in European semiconductor shares ?and other companies seen as beneficiaries of the AI infrastructure build-out in the region mirrors gains in the Philadelphia SOX index, the U.S. benchmark ?for the sector. The index has risen for 15 consecutive sessions—the longest winning streak since at least 2014—gaining 35% over that period, its strongest performance in around 24 Show less Read more
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