PARIS (Reuters) – European semiconductor groups are making progress on the stock market on Thursday morning, supported by good results from Nvidia which give hope for robust demand for electronic chips this year.
At 07:55 GMT, the technology sector increased by 1.21%, the best sectoral performance of the Stoxx 600, which gained 0.31%. ASML, ASM and Infineon increased respectively by 3.35%, 1.09 % and 1.59%.
Aixtron, BE Semiconductors Industry and STMicroelectronics gained between 1.26% and 3.06%.
Nvidia said it expected revenue of $28 billion for the current quarter, compared to a consensus of $26.66 billion, according to LSEG data, and announced a division by 10 of its titles, in order to make the action “more accessible to employees and investors”.
“For the stock markets, Nvidia should continue to be essential this year, and probably in the years to come,” notes Christopher Dembik, investment strategy advisor at Pictet Asset Management, who recalls that the title represented 11% of the the performance of the S&P 500 over the last twelve months.
JPMorgan notes in a note the “impressive” increase in the American group’s customer base.
(Written by Corentin Chappron, edited by Kate Entringer)
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