Can STM's Partnership With Renault's Ampere Push the Stock Upward?

STMicroelectronics (STM) shares have plunged 48.6% on a year-to-date (YTD) basis against the Zacks  Semiconductor-General industry and the Zacks Computer & Technology sector’s return of 127.4% and 29.8%, respectively.Over the same time frame, shares of its competitors, including NVIDIA (NVDA) , Amtech Systems (ASYS) and Texas Instruments (TXN) , have climbed 183.2%, 35.9% and 15.7%, respectively.This underperformance stems from the deterioration in customer backlogs and order entry during the third quarter ...