‘Positive for AI trade’: CoreWeave results lift Europe's semis
SMH•SMH•SMH•SMH•European semiconductor stocks rose after CoreWeave posted a third-quarter sales beat and raised its 2026 revenue guidance. Soitec gained about 8%, while AT&S rose around 10%.
European semiconductor stocks rose after CoreWeave posted a third-quarter sales beat and lifted its 2026 revenue guidance. A local trader described the results as “positive for AI trade.”
Soitec rose about 8%, and AT&S jumped around 10%, leading the STOXX 600. Infineon, ASMI, Aixtron, BESI, STMicro and ASML gained between around 3% and 5%, helping push the wider tech index to a one-week high. Legrand and Schneider rose around 2% to 3%, while Nokia gained about 3%.
Morningstar said demand for AI infrastructure remained “extraordinarily strong” for CoreWeave, adding that the company was sold out for 2027 and its 2028 capacity was also sold out. The article says AI servers require far more silicon than traditional computing infrastructure.
