STMicroelectronics Shares Jump 4.5% on Mizuho Note

STMicroelectronics shares jumped 4.5% on Thursday after Mizuho analysts highlighted its low valuation and strong earnings growth outlook.
Mizuho forecasts EPS growth ~123% YoY in 2026 and ~71% YoY in 2027, with STM trading at ~0.3x PEG and 20x P/E.
The note cites AI data‑center exposure (15% revenue), silicon‑photonics ramp to $500 m run‑rate by 2029, and a $1.6 bn LEO satellite TAM.
Additional growth drivers include 800V NVDA racks, China BEV demand in automotive, and expanding satellite opportunities boosting future revenue.