STMicroelectronics (STM) now expects to generate data center revenue of about $1 billion in 2026, compared with previous guidance of "nicely above $500 million," the company said Tuesday.
The company said it raised its target in light of continued strong demand for AI infrastructure.
Looking ahead, the company said revenues could double in 2027 if current momentum continues, compared with previous guidance of "well above $1 billion."
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