Chip stocks rally on Taiwan export surge and price hikes as software sector falters
Wall Street opened higher on Tuesday, with chip stocks extending their recovery. The surge was driven by strong export orders from Taiwan, which rose by nearly 60% in June, and reports that Taiwan Semiconductor plans to increase prices for modern and older manufacturing processes by up to 10% in 2027, according to Handelsblatt. Additionally, Nvidia's decision to increase its stake in AI infrastructure provider Nebius to 9.3% has generated significant investor interest.
Intel's stock rose by approximately 7% on Tuesday, reflecting the positive sentiment in the semiconductor sector. Analysts are eagerly awaiting the quarterly earnings reports from chip manufacturers, according to Markus Koch, a US stock market expert at Handelsblatt.
While semiconductor stocks are performing well, the software sector is under pressure. Morgan Stanley has downgraded Adobe, Salesforce, Intuit, and Workday, citing growing uncertainty in monetizing AI, increasing competition, and high valuations, according to Handelsblatt. In contrast, Microsoft and Meta have been highlighted positively by analysts.
In other market news, the Athens Stock Exchange saw a significant increase, with the General Index rising by 2.08% to 2,500.79 points, led by banking stocks, according to Protothema. Eurobank and Piraeus Bank saw gains of over 5% and 4%, respectively. The Ibex 35 in Spain also recovered, closing at 19,300 points, supported by strong performance in the banking sector, according to Expansion.
Meanwhile, concerns about an AI bubble continue to weigh on investors' minds. Despite record profits and demand for chips, fears of a potential bubble in the AI sector have caused fluctuations in stock prices. Nvidia briefly lost its title as the world's most valuable company due to these concerns, according to Denik N.
In corporate news, German snack manufacturer Intersnack is expanding into the US market with a billion-dollar acquisition of Utz, offering more than a 90% premium on the last closing price, according to Handelsblatt. Additionally, Coca-Cola Europacific Partners saw its price target raised to $114.00, according to The Markets Daily.
The broader market trends show a positive outlook, with the Dow, S&P, and Nasdaq all trading higher, according to Handelsblatt. However, threats from Houthi rebels have not significantly impacted market sentiment, although oil prices have risen.
In the energy sector, Berkeley Energía saw a 5.6% increase in its stock price after announcing the discovery of critical minerals in its project in Salamanca, Spain, according to Expansion.
General Motors, 3M, Hasbro, and Northrop Grumman reported strong quarterly earnings, while DR Horton lowered its annual revenue forecast despite better profits, according to Handelsblatt. Wells Fargo expects the four largest hyperscalers to invest around $1.1 trillion in AI infrastructure by 2027, with some of the higher costs likely to be passed on to customers.
Chinese AI companies are rushing to raise funds to close the gap with US competitors, according to researchers and executives cited by the Wall Street Journal. However, a shortage of investment and chips is holding them back in the competition with leading American companies.
Marsh's quarterly profit rose on strength in its risk management business, according to Reuters.
Follow us for live European news
- 2
- 1
- 1
- 1
- 1
2 further sources not geolocated
Articles
Marsh quarterly profit rises on strength in risk management business reut.rs/4psnFcE
bluesky_Reuters · about 4 hours ago
Chinas securities regulator vows to address market concerns and boost stability reut.rs/4wRF5lo
bluesky_Reuters · about 4 hours ago
Wall St opens higher as chip stocks extend recovery; earnings in focus reut.rs/4gPyR0O
bluesky_Reuters · about 4 hours ago
Law firm Linklaters posts US, firmwide gains reut.rs/4xf7xhF
bluesky_Reuters · about 4 hours ago
Χρηματιστήριο Αθηνών: Ανοδικό ξέσπασμα και επαναφορά στις 2.500 μονάδες - Εκρηκτικό ράλι για τις τράπεζες Ο Γενικός Δείκτης πραγματοποίησε την καλύτερη συνεδρίαση των τελευταίων δύο μηνών και βλέπει ξανά τις φετινές κορυφές - Ισχυρές απώλειες για την Aktor, έκλεισε εντός του εύρους της τιμής διάθεσης για τις μετοχές που θα προκύψουν από την ΑΜΚ
protothema · about 4 hours ago
Berkeley Energía sube un 5,6 en Bolsa con los minerales críticos hallados en su proyecto en Salamanca Las acciones de Berkeley Energía son las más destacadas hoy en la Bolsa española despues de que la compañía haya anunciado que ha encontrado ha encontrado minerales críticos en su proyecto Conchas ubicado en la provincia de Salamanca, cerca de la frontera con Portugal. Leer
expansion · about 4 hours ago
El Ibex recupera los 19.300 puntos apoyado en los bancos El Ibex 35 parte este martes desde los 19.206 puntos, tras cerrar ayer en tablas, con un mínimo recorte del 0,05. Leer
expansion · about 4 hours ago
Geldanlage: Kann eine 150 Jahre alte Grafik die Börsenkurse vorhersagen? Aus dem Handelsblatt-Archiv: Eine Kurve aus dem 19. Jahrhundert sagt erstaunlich präzise die Entwicklung der Märkte voraus. Für 2026 empfiehlt sie, Aktien zu verkaufen. Wie verlässlich das wirklich ist.
handelsblatt · about 4 hours ago
Wall Street: KI-Wende? Halbleiter-Aktien steigen, Software unter Druck Die Wall Street startet positiv in den Handel. Doch während Halbleiter gefragt sind, stuft Morgan Stanley mehrere Software-Unternehmen herab.
handelsblatt · about 4 hours ago
Lebensmittel: Hersteller von Chio-Chips und Pom-Bär expandiert mit Milliarden-Zukauf in die USA Der deutsche Knabbereien-Konzern Intersnack will beim US-Snackhersteller Utz einsteigen. Dafür bieten die Düsseldorfer mehr als 90 Prozent Aufschlag auf den letzten Schlusskurs an der Börse.
handelsblatt · about 4 hours ago
Dow, S&P, Nasdaq: US-Börsen liegen im Plus – Snackhersteller-Titel gewinnen knapp 90 Prozent Drohungen der Huthi-Rebellen belasten die Stimmung an den US-Börsen nicht. Die Ölpreise steigen jedoch derweil. Anleger haben Tech-Quartalszahlen im Blick.
handelsblatt · about 4 hours ago
KI-Tools: Abkehr vom Tech-Hype – Investoren setzen auf bewährte Industrien Die Krise in der Softwarebranche zwingt Beteiligungsgesellschaften zum Umdenken. Statt auf KI-getriebene Geschäftsmodelle wetten sie zunehmend auf kapitalintensive Branchen.
handelsblatt · about 4 hours ago
Ani rekordní zisky nestačí. Obavy z AI bubliny srážejí akcie čipových firem Světová jednička ve výrobě pokročilých čipů Nvidia na chvíli přišla o titul nejhodnotnější firmy světa. Stojí za tím obavy z AI bubliny i tvrzení firem vyvíjejících čínské jazykové modely.
denik n · about 4 hours ago
Milliardenschwere Transaktion: «funny-frisch»-Chipsfirma wagt Einstieg in US-Markt
die zeit · about 4 hours ago
China AI Companies Rush to Raise Funds and Close Gap With U.S. Researchers and executives at Chinese AI companies say a shortage of investment and chips is holding them back in competition with leading American companies.
wsj · about 4 hours ago
Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $114.00
gdeltproject.org · about 4 hours ago
U.S. Stocks May See Initial Strength On Upbeat Earnings News
gdeltproject.org · about 4 hours ago
Cómo crear carteras a la sombra de la burbuja de la IA Los mercados suelen oscilar entre la codicia y el miedo. En estos momentos, las Bolsas estadounidenses parecen estar dominadas por ambos. Leer
expansion · about 4 hours ago
Bolsa: ¿han dejado de funcionar los indicadores de valoración? Tal vez, las acciones no estén tan caras después de todo. Leer
expansion · about 4 hours ago
Handelsblatt Live: US-Börsenexperte Koch: Chiphersteller legen deutlich zu Die wiederkehrende KI-Euphorie an der Wall Street hat die Papiere von Chipproduzenten am Dienstag in die Höhe getrieben. Intel konnte etwa sieben Prozent zulegen. Mit Spannung erwarten die Anleger laut Markus Koch die Quartalszahlen in dem Sektor.
handelsblatt · about 4 hours ago
Analysis-Investors see pollution plan silver lining in EU carbon overhaul
gdeltproject.org · about 4 hours ago