European chips face AI-driven challenges

European chip company stocks experienced sharp fluctuations following their quarterly earnings reports. The French company Soitec's stock rose by 23% supported by strong demand for photonics products related to artificial intelligence. Meanwhile, shares of STMicroelectronics and Besi Semiconductor Industries (BESI) declined due to concerns about weak performance in the short and long term. Companies reliant on AI technologies, especially in the chip sector, reported strong demand and expectations of revenue growth despite challenges related to supply chain constraints and chip prices. Overall, experts emphasized that the market is now focusing on future revenue sources, driven by increasing AI-related demand, although achieving further gains has become more difficult given previous expectations of strong growth.

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