(News Bulletin 247) – Soitec will join the CAC Next 20 index of the Paris Stock Exchange on September 18, often considered the antechamber of the CAC 40, where it will replace the airport operator ADP.
Following this announcement, the Soitec share rose by 1.4% while that of ADP lost 0.4%.
At current price levels, Soitec’s capitalization stands at 5.8 billion euros, half that of ADP, which reached 11.5 billion.
But the title Soitec takes advantage of the enthusiasm for values ​​related to chips and microprocessors, boosted in particular by the emergence of artificial intelligence and the rise of electric vehicles.
Analysts are particularly optimistic about the potential of its so-called ‘SmartSiC’ technology in silicon carbide, which is enjoying increasing adoption by manufacturers like STMicroelectronics.
The share price of innovative semiconductor materials has posted a gain of 15% over the last three months, bringing its rise since the start of the year to 5%.
Conversely, ADP has clearly underperformed on the stock market recently, losing 14% since the beginning of the summer, a decline of 6% since January 1st.
The scientific index committee, which meets four times a year, determines the composition of the Euronext indices according to criteria such as liquidity, i.e. trading volume, and free float, i.e. fraction of capital available in the market.
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