STMicroelectronics Shares Reach New High Following Nvidia's Results
The Franco-Italian semiconductor manufacturer reached €56.09 during Thursday's session, a new five-year high surpassing the previous record of €56.08. At 1 PM, the stock was priced at €55.37, up 0.18% from the previous day, while the CAC 40 was down 0.61%. The annual increase has reached 141%, one of the most significant in the Paris index.
New Record at €56.09 Extends Rally in AI-focused Chips
STMicroelectronics stock hit an intraday high of €56.09 early in the session, marginally above the previous peak of €56.08. The stock then settled around €55.37, maintaining a gain of 0.18% for the session. The rally is part of a favorable context for the semiconductor sector: Nvidia reported a quarterly revenue of $81.6 billion, up 85% year-over-year, with its data center segment accounting for $75.2 billion (+92%). The demand for chips and AI infrastructure remains strong, benefiting the entire chain, including European manufacturers. American counterparts like AMD and Lam Research also saw increases of +8.10% and +6.84% respectively on Wall Street. Over three months, the stock has surged nearly 94%. Over the last twelve months, the gain has reached 141%. The performance accelerated in recent weeks, following the publication of the Q1 2026 accounts at the end of April, which reported a 23% revenue increase.
Marked Overbought Condition with an RSI at 75 and Price 105% Above the MM200
The pace of increase pushes technical indicators into the alert zone. The RSI has reached 75, a level associated with an overbought condition. The price is 15.5% above its 20-day moving average (€47.94) and more than 105% above its 200-day average (€26.97), a gap that measures the extent of the rally since the winter low. The previous record had so far marked the immediate resistance at €55.27; its crossing technically opens the way to new highs, but the gaps to the moving averages signal an increased risk of consolidation, as shown by the sequence on May 14-15 (peak at €54.32 followed by a 4.55% decline). According to the consensus of surveyed analysts, the stock is trading at about 53 times the earnings expected for the current fiscal year and 28.5 times those anticipated for the next fiscal year. The next technical marker is at €56.09, today's peak, whose holding or breaking will guide the short-term dynamics.
