STMicroelectronics N.V.: STMicroelectronics announces (i) a US$1.5 billion dual-tranche offering of New Convertible Bonds and (ii) the early redemption of its 2027 Convertible Bonds

Samsung Electronics reported preliminary Q2 results, forecasting operating profit of 89.4 trillion won (~$58.4B), up nearly 19x, and revenue of 171 trillion won. Despite beating expectations, Samsung shares fell ~7% and SK Hynix ~6%. Chip stocks in Europe and the U.S. also dropped amid concerns about AI infrastructure spending and valuations; Samsung full results are due July 30.

Jefferies raised price targets for ASML Holding to €1,560 (from €1,260) and STMicroelectronics to €82 (from €74), citing estimate upgrades and a European semiconductor peer re-rating. Jefferies forecasts ASML Q2 revenue of €8.79B and gross margin 52%, and expects FY revenue guidance to rise to €38B–€42B. For STMicro, it forecasts Q2 revenue of $3.47B and adjusted gross margin 35.3%, and expects FY2026 revenue $14.47B.

Global chip stocks rose June 25 after Micron Technology’s results. Micron gained over 17% to a record high, forecasting quarterly profit and revenue above expectations and citing customers’ $22 billion memory-chip supply commitments. Its market cap rose about $189 billion to $1.39 trillion. The Philadelphia SE Semiconductor Index added 1.9%. Analysts at D.A. Davidson raised Micron’s price target to $2,000.

STMicroelectronics (NYSE: STM) announced the launch of its FlightSense VL53L9 compact direct Time-of-Flight 3D LiDAR all-in-one module. The company says it provides 2,268 resolution zones (54x42), a 54°x42° field of view, 100 fps, and a 5 cm–9 m sensing range with up to 1% accuracy, plus on-chip processing and calibration-free integration. Mass production is expected in early July 2026 for robotics, industrial automation, smart buildings, AR/VR, and healthcare.

Global stocks rose on AI optimism and strong tech forecasts. US job openings increased more than expected in April, and US manufacturing hit a four-year high, according to Labor Department data. Wall Street gains were modest (Dow +0.23%, S&P 500 +0.13%, Nasdaq +0.07%); Europe’s STOXX 600 rose 0.66%. Brent rose ~1% to ~$96. AI firms including Anthropic filed for a US IPO, and Alphabet seeks $80bn for AI infrastructure.

Ten stocks rose by double digits on Tuesday, with seven reaching new record highs, as investors cited strong earnings, guidance, and other company updates. The Dow gained 0.45%, the S&P 500 rose 0.13%, and the Nasdaq added 0.03%. Examples: Unusual Machines +15.72% to $33.42; STMicro +15.20% to $79.51 after doubling its 2026 revenue growth forecast; Lightwave Logic +15.43% to $12.72 on Nvidia CEO Jensen Huang’s comments.