5 Best Technology Growth Stocks to Buy Under $100

2. STMicroelectronics N.V. (NYSE:STM)

STMicroelectronics N.V. (NYSE:STM) ranks among the best technology growth stocks to buy under $100. Mizuho increased its price target for STMicroelectronics N.V. (NYSE:STM) to $68 from $56 on May 19, keeping an Outperform rating on the company’s shares. As customers migrate to 800-volt systems, the firm predicts that AI server content will top $230 million per gigawatt.

STMicroelectronics N.V. (NYSE:STM) estimated that AI revenue could surpass $1 billion by 2026. Mizuho set its increased price objective at 30x its fiscal 2027 earnings per share projection, up from around 25x previously.

Furthermore, STMicroelectronics N.V. (NYSE:STM) recently indicated that it expects to generate more than $3 billion in total revenue from its semiconductor space division between 2026 and 2028, owing to rising demand for chips employed in low-Earth orbit satellite systems. The company stated that its LEO revenue hit roughly $600 million in 2025, up from $175 million in 2021, and is nearing $1 billion in 2026.

STMicroelectronics N.V. (NYSE:STM) stated that its decade-long supply collaboration with Starlink on satellites and user interfaces will give it a competitive edge in retaining a large portion of its near-90% market share as the market grows and attracts competition.

STMicroelectronics N.V. (NYSE:STM) designs, manufactures, and sells semiconductor products across automotive, industrial, personal electronics, and AI-related infrastructure markets globally.

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