Citi: STMicroelectronics shows signs of recovery.

Citigroup analysts wrote in a client report that the order, sales, and profit trajectory of STMicroelectronics indicates that the recovery is underway. The European chip maker stated that despite macroeconomic uncertainties, demand has improved in the first quarter, with strong orders and inventory returning to normal levels. According to Visible Alpha data, first-quarter revenue increased by 23% year-on-year to $3.1 billion, exceeding the company's approximately $3.04 billion expectations and analysts' $3.06 billion forecast. For the current quarter, STMicroelectronics predicts revenue of approximately $3.45 billion, higher than the average expectation of $3.18 billion.