STMicroelectronics N.V. (STM) Targets $20B Revenue by 2030, Sets Mid-Term Goals for 2027-2028

Insider Monkey11-24

We recently compiled a list of the 14 AI Stocks on Wall Street's Radar. In this article, we are going to take a look at where STMicroelectronics N.V. (NYSE:STM) stands against the other AI stocks that...

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(STM) Targets $20B Revenue by 2030, Sets Mid-Term Goals for 2027-2028\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-24 12:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stmicroelectronics-n-v-stm-targets-044053356.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 14 AI Stocks on Wall Street's Radar. In this article, we are going to take a look at where STMicroelectronics N.V. (NYSE:STM) stands against the other AI stocks that...</p>\n\n<a href=\"https://finance.yahoo.com/news/stmicroelectronics-n-v-stm-targets-044053356.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STM","symbol_name":"意法半导体","start_time":0,"source_url":"https://finance.yahoo.com/news/stmicroelectronics-n-v-stm-targets-044053356.html","article_id":"2485751185","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/xqvQnFa6IDN1yE9gxN88yg--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/29cf31409f44a07ce5cdc310bc9154ff"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485751185","pubTimestamp":1732423253,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 14 AI Stocks on Wall Street's Radar.In this article, we are going to take a look at where STMicroelectronics N.V.  stands against the other AI stocks that are on Wall Street's Radar.Latest reports from tech news platform TechCrunch indicate that MatX, a chip-design startup focused on supporting large language models, has raised $80 million in a funding round. This follows the $25 million seed round it held less than a year ago. The latest round, led by Spark Capital, values the company at a pre-money valuation in the mid-$200 million range and a post-money valuation in the low $300 million range, per TechCrunch. MatX was co-founded two years ago by former Google TPU team members Mike Gunter and Reiner Pope, who aim to address the global shortage of AI-specific chips.Overall STM ranks 14th on our list of the stocks on Wall Street's radar. While we acknowle","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"STM":"意法半导体","STMEF":"STMicroelectronics N.V."},"translate_title":"STMicroelectronics N.V.(STM)的目标是到2030年实现20B美元收入，并设定2027-2028年中期目标","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STM":1,"STMEF":1},"content_text":"We recently compiled a list of the 14 AI Stocks on Wall Street's Radar. In this article, we are going to take a look at where STMicroelectronics N.V. (NYSE:STM) stands against the other AI stocks that are on Wall Street's Radar.\nLatest reports from tech news platform TechCrunch indicate that MatX, a chip-design startup focused on supporting large language models, has raised $80 million in a funding round. This follows the $25 million seed round it held less than a year ago. The latest round, led by Spark Capital, values the company at a pre-money valuation in the mid-$200 million range and a post-money valuation in the low $300 million range, per TechCrunch. MatX was co-founded two years ago by former Google TPU team members Mike Gunter and Reiner Pope, who aim to address the global shortage of AI-specific chips.\nRead more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.\nThe company’s chips are optimized for AI workloads of 7 billion to 20 billion parameters or more, providing high performance at lower costs. MatX highlights its advanced interconnect technology, which enhances scalability for large clusters. The co-founders claim their processors are designed to outperform NVIDIA GPUs, with a goal of achieving tenfold efficiency in training LLMs and delivering results. The AI hardware sector has seen growing investor interest amid increasing demand for chips tailored for generative AI.\nRead more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.\nFor this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A worker assembling the inner circuitry of a semiconductor product. \nSTMicroelectronics N.V. (NYSE:STM)\nNumber of Hedge Fund Holders: 18      \nSTMicroelectronics N.V. (NYSE:STM) makes and sells semiconductor products. The company has long-term exposure to structural growth areas such as the energy transition, data centers, and microcontrollers. On November 20, the firm hosted its Capital Markets Day in Paris. The chipmaker reiterated its $20 billion plus revenue ambition and associated financial model, which it now expects to be reached by 2030. The firm also set an intermediate financial model with revenues expected around $18 billion with an operating margin within a 22% to 24% range in 2027-2028.\nOverall STM ranks 14th on our list of the stocks on Wall Street's radar. While we acknowledge the potential of STM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than STM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   Disclosure: None. This article is originally published at \nInsider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485751185"}