10 AI News and Ratings You Should Not Miss

6. STMicroelectronics N.V. (NYSE:STM)

Number of Hedge Fund Holders: 22

STMicroelectronics N.V. (NYSE:STM) develops and sells semiconductors for automotive, industrial, personal electronics, communication, and computing markets worldwide. On February 18, Jefferies analyst Janardan Menon upgraded STMicroelectronics to Buy from Hold, raising the price target to €34 from €23. Menon expects growth to accelerate in the latter half of the year due to post-inventory correction normalization, increased iPhone 17 content from metasurface-based solutions, and industrial demand recovery. Long-term growth factors include Edge AI, LEO satellites, silicon photonics, and automotive microcontrollers.