0948 GMT - STMicroelectronics' revenue outlook continues to look more positive, easing fears around the chip maker's gross margin, Barclays analysts write. The group may have scope to raise its prices, while the cross-listed company's optical and satellite businesses could also do better than expected, the analysts say. Revenues from artificial intelligence will more than double to 2.3 billion euros in 2027 compared with 1 billion euros in 2026, the analysts forecast. Satellite revenue will rise around 50% to 1.3 billion euros in 2027, they say. "Conceivably there is upside potential to these estimates." STMicroelectronics shares jump 3.6% in both Paris and Milan. New York-listed shares gain 3.4% premarket. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

June 29, 2026 05:48 ET (09:48 GMT)

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