Nvidia's results spur European semiconductors
SOXX•European semiconductor shares rise after Nvidia results
Shares in European semiconductors rose, driven by Nvidia's (NVDA.O) Q3 beat and positive outlooks.
The U.S. chip giant forecasts a 70% jump in revenue next fiscal year, while its Q3 revenue of $108 billion beat forecast of just over $104 billion.
Dutch semi players such as ASML (ASML.AS), ASM International (ASMI.AS), and BESI (BESI.AS) rose around 2%-2.5%.
Paris-listed STMicroelectronics (STMPA.PA) and Soitec (SOIT.PA) jumped 3.6% and 3.7% respectively.
Aixtron (AiXGn.DE) rose 3.56%, Infineon was up 2.3%, while Siltronic (WAFGn.DE) jumped 3.3%.
The pan-European tech index (.SX8P) was up 1.23%, outperforming all STOXX 600 sector indices.
