Stmicroelectronics soars, Apple guidance supports the sector

(Il Sole 24 Ore Radiocor) - Purchases on Stmicroelectronics at Piazza Affari, where the Italian-French group's shares posted the best performance of the Ftse Mib. The shares follow the good momentum of the entire European technology sector, rewarded by the accounts of the US giants and the opportunities related to the development of artificial intelligence.

On Friday, 1 May, Apple announced a revenue growth target of around 15% in the current quarter, compared to the market consensus of +9%. The Cupertino giant also cited solid sales performance in China. "Apple's solid guidance on the current quarter supports St, given that" theUS group "is its largest customer", responsible for "17.7% of revenues", Banca Akros analysts point out. At the weekend, in an interview with Corriere della Sera, CEO Jean-Marc Chery also commented on the agreements with large international groups signed by the company: 'From Nvidia to Amazon, these are important announcements, because they signal that in strands of activity on the crest of the wave today, such as artificial intelligence and robotics, we are collaborating with undisputed leaders. 'Behind these announcements there is not just one product or just one technology,' he added, 'I could say that there is almost the entire catalogue of St. Louis products. At Piazza Affari, meanwhile, purchases in the tech sector also supported Technoprobe.