LIVE MARKETS — AI jitters, but the STOXX still rises
(Adds blog post) STOXX 600 up 0.6% AI jitters, earnings in focus Wal St futures mixed Broadcom CEO says AI investing like "casino gambling" Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Ai Jitters, But The Stoxx Still Rises Markets may once again be gripped by worries about the future of the AI trade, and that has indeed dragged European tech stocks around 1% lower, but the overall STOXX 600 is still up 0.6%. It is yet another example of just how limited Europe's direct exposure to the AI trade is, with fewer sector heavyweights based in the region and share moves of the few that are are actually looking a lot more contained compared to the sharp selloff seen in Asia overnight. SK Hynix fell 10%, while rival chipmaker Samsung dropped more than 7%. Adding a note of gloom were comments from Broadcom chief executive Hock Tan, who told an event in Singapore that the cost of capital will be the biggest constraint to the AI buildout and equated much of the investment in this sector to gambling in a casino. ASML and Infineon, for example, are both down around 2%. Beyond tech, luxury names are also struggli
6% AI jitters, earnings in focus Wal St futures mixed Broadcom CEO says AI investing like "casino gambling" Welcome to the home for real-time coverage of markets brought to you reporters. 6%. It is yet another example of just how limited Europe's direct exposure to the AI trade is, with fewer sector heavyweights based in the region and share moves of the few that are are actually looking a lot more contained compared to the sharp selloff seen in Asia overnight. SK Hynix fell 10%, while rival chipmaker Samsung dropped more than 7%.
Adding a note of gloom were comments from Broadcom chief executive Hock Tan, who told an event in Singapore that the cost of capital will be the biggest constraint to the AI buildout and equated much of the investment in this sector to gambling in a casino. ASML and Infineon, for example, are both down around 2%. 3%, after LVMH missed third-quarter sales expectations. 9%.
7%, led higher by Swiss fragrance and flavour maker Givaudan. 5% after it reported third-quarter organic sales growth well ahead of market expectations on Tuesday, driven by its fragrance arm and a continued recovery in flavours. 9%. (Sophie Kiderlin) *** Earlier On Live Markets: Europe Before The Bell: Steady-ish Click Here The Fragile Ai Trade Click Here