🟢 STMicroelectronics is trading 4.47% up today as chip stocks rally on upbeat forecasts

STMicroelectronics is trading 4.47% up now at $55.61 as semiconductor stocks rally on strong earnings forecasts and improving technology sentiment.

• Reuters reported that Microchip Technology and Atlassian issued forecasts above expectations, lifting market sentiment.
• SanDisk, Micron, ASML, and Western Digital also rose, supporting a sector-led explanation rather than a company-specific announcement.