BUZZ - "Favorable for AI-related trading": CoreWeave earnings boost European semiconductor stocks

November 11 - ** European semiconductor stocks rose after the up-and-coming cloud computing company CoreWeave CRWV.O announced (link) third-quarter sales that exceeded expectations and raised its 2026 revenue guidance.

**A local trader described CoreWeave's performance as “bullish for AI trades.”

** “Demand for CoreWeave in AI infrastructure remains exceptionally strong. The company's 2027 capacity has sold out, and its 2028 capacity is also completely booked,” said Morningstar.

** Demand for artificial intelligence is the main growth (link) driver for the semiconductor industry, as AI servers require far more chips than traditional computing infrastructure.

** Soitec SOIT.PA shares rose about 8%, and AT&S ATSV.VI soared about 10%, leading gains in the STOXX 600 Index .STOXX

** Infineon IFXGn.DE, ASMI ASMI.AS, Aixtron AIXGn.DE, BESI BESI.AS, STMicroelectronics STMMI.MI and ASML ASML.AS shares all rose about 3% to 5%, boosting the tech sector index .SX8P to a one-week high

** French electrical and digital building infrastructure group Legrand LEGD.PA and Schneider SCHN.PA—which supply critical equipment (link) to large cloud service providers building AI data centers—also saw shares rise by about 2% to 3%

**Nokia NOKIA.HE shares likewise rose about 3%

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