STMicroelectronics offers rare asymmetry for a large cap: a bear case in line with the S&P 500, a slightly better base case and a wildly better bull case. 2026 marked an inflection in its data-center business, with a multi-year, multi-billion-dollar Amazon agreement and guidance raised from $1B before 2030 to well above $2B in 2027. A base case with a modest AI business implies 15% annual growth through 2030; if photonics, power and robotics reach a third of revenue, 30-50%. x.com  x.com  x.com 

Tower Semiconductor's 2028 guidance makes its shares attractively valued around $180 despite competition from Silith, GlobalFoundries, STMicroelectronics and others. The stock previously felt too rich to add to. x.com  x.com 

STMicroelectronics is low quality next to its "dumb chip" peers, weighed down by a messy international ownership structure where it matters who calls the shots. Italy and France may be the two worst major countries to do business in. That view holds against a post the author replies to, which cites its 90% share of chips for SpaceX's Starlink satellites and doubled 2026 and 2027 revenue targets. x.com 

Taiwan Semiconductor's above-average inflows and potential capitulation at the recent low add to its bullish setup. The stock has moved cleanly off the STL and out of the pink zone. x.com 

Power semiconductors should deliver index-beating returns, though the trade is not early and the easy money was made long ago. The power-semi revenue cycle already started last year, and the ecosystem is broad enough that the whole sector should do well. STMicroelectronics and Infineon are the buys. x.com 

Semiconductor earnings have outpaced prices, making the selloff look more like forced positioning than a broken growth case. Since January 2025, the SOX rose about 114% while reconstructed forward earnings rose about 198%; the estimate is approximate. Hedge funds sold global tech at a greater-than-three-standard-deviation pace in October 5-16, a pattern seen near earlier lows, though another sharp flush could come before a reversal. x.com 

Semiconductors look relatively cheap against the S&P 500, while their earnings are growing much faster, barring an EPS reset. The selloff looks overdone, though that does not mean it reverses tomorrow. x.com 

Infineon is a buy at its current multiple, now cheaper than STMicroelectronics', with more exposure to auto and power, while STM has more exposure to satellites. x.com 

Analog semiconductor stocks such as STMicroelectronics, Tower Semiconductor, Analog Devices and Texas Instruments are set to rise further because they are starting to have pricing power for the first time in a long time. x.com 

STMicroelectronics is a European growth stock for the long-term space trend as a chip supplier to SpaceX and Tesla. It delivers more than 5 million chips a day for Starlink, needed for the phased-array antennas in its terminals, and has over 40 years of expertise in chips that withstand cosmic radiation. x.com