STMicroelectronics Stock Surges on AWS Partnership

STMicroelectronics NV (NYSE:STM) stock is surging today, last seen up 9.3% to trade at $32.64, after the company announced a multi-year contract with Amazon Web Services (AWS) to supply advanced chips. As part of the partnership, AWS could buy up to 24.8 million of STM's shares over the next seven years. Now trading at its highest level since June, STM is on track for its largest daily percentage gain since a 10.7% pop during that month. Over the last 12 months, the Top Stock Pick of 2025 has tacked on 43.2 ...