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Jun 2, 2026 4 min

STMicro Rises, Prosus Climbs, Abivax Plunges

from Stock Movers Hosted by iHeartPodcasts

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - STMicro shares soar as much as 10% to the highest since 2000, after the chipmaker raised its data center revenue forecast for this year to about $1 billion. Analysts say the upgrade reflects the company’s confidence in boosting supply. - Prosus is also benefiting from the AI boom thanks to its shareholding in Tenent which is set to launch an AI agent on WeChat, China's best-used app. - Abivax shares plunged after cancer cases in a crucial clinical trial for an experimental bowel disease drug threw the French biotech’s future into question.

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