Nvidia's results spur European semiconductors
SMH•Stock moves across the sector
Dutch semi players such as ASML ASML.AS, ASM International ASMI.AS, and BESI BESI.AS rose around 2%-3%.
Paris-listed STMicroelectronics STMPA.PA and Soitec SOIT.PA jumped 4.6% and 5.5% respectively.
Aixtron AiXGn.DE rose 4.7%, Infineon was up 3.1%, while Siltronic WAFGn.DE jumped 3.8%.
ams OSRAM AMS.S, Nokia NOKIA.HE and AT & S Technologie ATSV.VI jumped 3.1%, 5.2% and 7.1%, respectively.
European tech index outperforms
The pan-European tech index .SX8P was up 1.7%, outperforming all STOXX 600 sector indices.
European semiconductor stocks rise after Nvidia beat
Shares in European semiconductors jumped significantly, 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 forecasts of just over $104 billion.
Metzler said Nvidia, the poster child of the AI frenzy, delivered another stellar earnings print alongside robust forward guidance.
A local trader said: "Hot signals for AI infrastructure demand bullish after last days caution."
