(Boursier.com) — STMicroelectronics And Soitec increased by 2% and 3.8% respectively, sought after the publication of the American Micron. The semiconductor specialist, whose products include dynamic memories, flash memories and semiconductor systems, is on fire on Wall Street after revealing results significantly better than analysts’ expectations. The forecasts are even more solid, since Micron envisages revenues ranging from 6.4 to 6.8 billion dollars in the third fiscal quarter just started, against around 6 billion consensus. Adjusted third-quarter earnings are expected to be between 38 and 52 cents per share, compared to a consensus of 24 cents. Unsurprisingly, the group’s outperformance comes from strong demand for hardware linked to artificial intelligence. “We believe that Micron is one of the biggest beneficiaries in the semiconductor industry of the multi-year opportunity offered by AI,” insisted the group’s chief executive, Sanjay Mehrotra.
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