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STMicro Rises, Prosus Climbs, Abivax Plunges
Published 2 weeks, 6 days ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- STMicro shares soar as much as 10% to the highest since 2000, after the chipmaker raised its data center revenue forecast for this year to about $1 billion. Analysts say the upgrade reflects the company’s confidence in boosting supply.
- Prosus is also benefiting from the AI boom thanks to its shareholding in Tenent which is set to launch an AI agent on WeChat, China's best-used app.
- Abivax shares plunged after cancer cases in a crucial clinical trial for an experimental bowel disease drug threw the French biotech’s future into question.
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