STMicro Will Eliminate 5,000 Jobs in the Next Three Years, Says CEO
A worker assembling the inner circuitry of a semiconductor product.
It is anticipated that 2,000 of the total will depart naturally, with voluntary departures making up additional reductions. Chery pointed out that continuing talks with local authorities were the reason for implementation delays, especially in Italy.
The French and Italian governments jointly share a 27.5% interest in STMicroelectronics N.V. (NYSE:STM), which employs 50,000 people worldwide. Its cost-cutting initiative, which was started in late 2024, is to reduce the workforce through early retirement and attrition in order to save hundreds of millions by 2027. In April, the business announced that 1,000 of the 2,800 scheduled layoffs would be voluntary in France.
According to reports, the Italian government has opposed further cuts and has pushed to limit them to 1,000. Market declines and CEO-targeted insider trading accusations, which the company refutes, are additional factors putting pressure on the business.
While we acknowledge the potential of STM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.
Disclosure. None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
Jim Cramer has a blunt verdict on three hot stocks
Jim Cramer has a blunt verdict on three hot stocks originally appeared on TheStreet. When it comes to the stock market's most recent high flyers, Jim Cramer is not shy about his words. In a post on X, the CNBC anchor mentioned three stocks that he called "BORROWED TIME." On August 1, Cramer pointed to CoreWeave, Circle, and Figma as overbought. His advice comes as excitement swells around, as few tech and crypto-adjacent firms have lately gone public. Figma (FIG), the design software company, had its debut on July 31on the New York Stock Exchange. Soon after debuting at its $33 IPO price, Figma shares skyrocketed to $98—marking a surge of over 198% on its first day of trading. At one point, FIG went as high as $148 per share. At press time, however, FIG was trading at $114.05, down 1.26% in the last day. The company is valued at $55.66 billion as of writing. Figma also made headlines for its Bitcoin treasury holdings before going public, and has plans to grow its Bitcoin balance by adding another $30 million in Circle (CRCL), the publicly traded stablecoin issuer for USDC, has already seen a phenomenal run-up since going public on the New York Stock Exchange (NYSE) on June 5. It debuted at $31 per share, peaked in the day at $248, and had a rally of 700%. But on Friday afternoon, Circle was trading at $169.76, down almost 8%. The AI data center CoreWeave (CRWV), which originated from a crypto mining company, has also seen its fair share of growth. However, CRWV was trading at $104.28 on Friday, down from $114.13 the day before. The stock prices come as the larger crypto market experiences substantial corrections, with an $805 million liquidation after President Donald Trump's new proposed tariffs. Jim Cramer has a blunt verdict on three hot stocks first appeared on TheStreet on Aug 1, 2025 This story was originally reported by TheStreet on Aug 1, 2025, where it first appeared.
Yahoo
an hour ago
- Yahoo
Up Over 50% in Just 1 Month, Is It Too Late to Buy Kohl's Stock?
Key Points Kohl's is a heavily shorted stock that has been volatile in recent years. It is trading well below its book value. The business, however, has been struggling to grow. 10 stocks we like better than Kohl's › Kohl's (NYSE: KSS) is one of the nation's top retailers, with locations across the country. It has been facing adversity of late as its financials haven't been looking great, but that hasn't stopped investors from taking a chance on this beaten-down stock. It has soared 52% in just the past month (as of Monday's close). With earnings coming up in August, could now be a good time to load up on this retail stock before it reports its latest quarterly numbers, or is it already too late, and is a decline inevitable? Kohl's is a heavily shorted stock Although Kohl's stock has been doing well in the past month, not everyone is a believer in the business. Short interest is extremely high in the stock. And when that's the case, investors can expect to see a lot of volatility. Not only can short-sellers drive the price down, but a short squeeze can have the reverse effect. The danger of such a high percentage of shares being shorted is that it can lead to significant swings in value in a short time frame. Currently, the stock is averaging a fairly high beta value of around 1.70. A stock that mirrors the market's movement is at a beta of around 1, and the higher it is, the more volatile the stock has been. While this volatility can make Kohl's an exciting stock to own when it's rising quickly, it can also be a disastrous one when it's rapidly going in the other direction. The company's fundamentals are seriously lacking Some investors may believe there's good value with the business, and hence it's worth investing in. Kohl's has, after all, plummeted 38% in just the past 12 months. Even with the recent surge, its market cap is just $1.4 billion and its price-to-book multiple is less than 0.4. But based on analyst estimates, the stock is trading at a whopping 80 times its future earnings. The company's growth improved during its most recent quarter (ending on May 3), which only highlights the retailer's struggles as its top line was still down 4%. But given how badly Kohl's has been doing, even that looked better than some of its previous results. Consumers have been cutting back on discretionary spending amid challenging economic conditions, which is why Kohl's may continue to struggle in growing its sales in future quarters. Meanwhile, with the company's net income over the trailing 12 months totaling just $121 million on revenue of $16.1 billion, its profit margin has been incredibly thin -- less than 1%. Awful margins and a lack of top-line growth make this an incredibly risky stock to be holding right now. Investors should think twice about buying Kohl's stock It may be tempting to buy Kohl's stock as it rises quickly in value, but what goes up quickly can also come crashing down just as fast. The company isn't in good shape, and there are simply much safer and better stocks to buy than Kohl's right now. This is a highly speculative and risky stock, and it's one that most investors may be better off avoiding for the time being due to its unpredictability. While Kohl's stock may still rise in value from where it is now, I think the rally will prove to be a short-lived one, as it often is with risky and speculative investments. Should you invest $1,000 in Kohl's right now? Before you buy stock in Kohl's, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Kohl's wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 David Jagielski has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Up Over 50% in Just 1 Month, Is It Too Late to Buy Kohl's Stock? was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
an hour ago
- Yahoo
Leading AI startup soars 250% after increasing its IPO price range
Leading AI startup soars 250% after increasing its IPO price range originally appeared on TheStreet. Wall Street's appetite for high-growth tech stocks is heating up again, and one rising star has taken full advantage. A fast-growing AI-powered platform, widely used by product development and design teams, wrapped up the roadshow for its proposed IPO last week — and the market response has been anything but ordinary. Only a few days ago, the company raised its initial public offering range from between $25 and $28 to between $30 and $32 per share, in a clear signal that investor demand was surging. 💵💰💰💵 Ultimately, the stock priced at $33 per share, $1 per share above even the revised range. That company? Figma (FIG), a collaborative design and product development platform that has transformed from a sleek web-based design tool into a powerful, AI-enabled software engine for product teams. On July 31, Figma made its public market debut on the New York Stock Exchange. Shares opened at an incredible $85, quickly surged past $112, and ultimately closed at $115.50, marking a 250% gain on its first day as a public company and pushing the company's market capitalization to nearly $68 from acquisition target to market darling Figma's journey to the public markets has been anything but conventional. Back in 2022, Adobe agreed to acquire the company for $20 billion. But that deal was scrapped a year later following pushback from UK antitrust regulators, who warned the merger would stifle competition and hurt innovation in the design software market. Rather than folding, Figma doubled down on product development and growth. The company now boasts over 13 million monthly users, with a customer base that includes Google, Microsoft, Netflix, and Uber. Its appeal extends far beyond traditional designers, with more than two-thirds of its users being non-designers, including engineers, marketers, and product managers who collaborate using the platform's connected toolsets. More Tech Stocks: Amazon tries to make AI great again (or maybe for the first time) Veteran portfolio manager raises eyebrows with latest Meta Platforms move Google plans major AI shift after Meta's surprising $14 billion move In its S-1 filing, Figma revealed second-quarter revenue of $247 million to $250 million, representing 40% year-over-year growth, and up to $12 million in operating income. More than 1,000 enterprise customers pay the company over $100,000 per year, underscoring its momentum at the high end of the market. Figma's IPO could rejuvenate the market The offering raised $1.2 billion, though the majority of proceeds went to existing shareholders, including venture capital backers like Greylock Partners, Index Ventures, Kleiner Perkins, and Sequoia Capital. Still, the size and enthusiasm surrounding the IPO are being seen as a watershed moment for tech listings in 2025. New York Stock Exchange President Lynn Martin said Figma's stunning performance could be a catalyst for a wave of new public offerings. "Given that Figma did so well with their pricing last night, and there is so much demand that has persisted in the order book this morning for this company, I think this will open the floodgates," she stated in a recent CNBC Figma is more than just a design tool Founded in 2012 and based in San Francisco, Figma has evolved into a full-stack collaboration engine. Its platform covers everything from digital whiteboarding to prototyping, interface design, and even developer handoff. With AI tools now embedded in the product experience, Figma is helping teams effectively transition from ideas to product launches faster and more cohesively. If the company's IPO is any indication, investors are betting that Figma is far more than a design startup. Time will tell whether it proves to be the next great software infrastructure company in the age of collaborative, AI-driven product development. But after its stellar public debut, it now has plenty of cash, visibility, and momentum to prove it. Leading AI startup soars 250% after increasing its IPO price range first appeared on TheStreet on Aug 1, 2025 This story was originally reported by TheStreet on Aug 1, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
