PARIS (Reuters) – European semiconductor manufacturers rose sharply on the stock market on Thursday in the wake of announcements by the American Nvidia, which on Wednesday reported quarterly prospects well above expectations.
The Stoxx 600 technology index advanced 1.8% after an hour of trading in an overall bear market.
In values, ASM jumped 7.4%, BE Semiconductor Industries took 6.5% and AMSL gained 5%. In Paris, Soitec is ahead by 5.7%, leading the SBF 120, and STMicroelectronics is up 0.6%.
In post-closing trading on the New York Stock Exchange, Nvidia stock soared more than 28% on Wednesday night to hit a record high of $391.50.
The market valuation of the group thus climbed by 200 billion dollars, to reach 950 billion, which makes it the first world capitalization of the sector and the fifth most important on Wall Street.
For the current quarter, Nvidia expects a turnover of 11 billion dollars, where analysts expected 7.15 billion according to data from Refinitiv.
The semiconductor maker is taking advantage of strong demand for artificial intelligence-related chips used to power services like ChatGPT.
(Chavi Mehta in Bangalore, Stephen Nellis in San Francisco and Jane Lanhee Lee and Noel Randewich in Oakland (California), with Tristan Veyet in Gdansk, Blandine Hénault for the , edited by Bertrand Boucey)
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