🟢 STMicroelectronics is trading 4.1% up today as SpaceX and Super Micro results lift optimism

STMicroelectronics is trading at $47.66, up 4.11%, as chip stocks rebounded after strong SpaceX and Super Micro results revived demand optimism.

• The available market report described the early move as occurring on light volume; no clear company-specific catalyst for the October 21 advance surfaced.
• Q3 results are scheduled for October 29. TD Cowen’s target cut to $50 from $55 was reported as occurring October 19.