Carbide chips are more expensive than regular chips, but key when it comes to autonomous vehicles. Multi-year contract with TSLA.
Tech component names are cyclical and there are issues on whether tax reform will be passed in order for them to repatriate dollars, but on the whole, he is constructive on this.
European chip manufacturer. They are a supplier of chips to the self driving cars. This is all next gen. Everyone points to the number of self driving cars that will be on the road in the future. It has big bottom line growth as well. (Analysts’ target: $17.50).
STMicroelectronics is a American stock, trading under the symbol STM-N on the New York Stock Exchange (STM). It is usually referred to as NYSE:STM or STM-N
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On 2024-12-13, STMicroelectronics (STM-N) stock closed at a price of $26.29.
Disappointing. Like a smaller Intel. Their products are in Apple phones and Tesla cars. They use silicon carbide which last longer and use less heat. Targets $55.50. Still likes it.