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AMS ams-OSRAM AG News Story

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Nvidia's results spur European semiconductors

BUZZ-Nvidia's results spur European semiconductors

Adds analyst comments, adds ams OSRAM and AT & S, updates share moves

** Shares in European semiconductors jump significantly driven by NVIDIA's NVDA.O Q3 beat and positive outlooks

** The U.S. chip giant forecasts a 70% jump in revenue next fiscal year, while its Q3 revenue of $108 billion beat forecast of just over $104 billion

** Metzler says Nvidia, the poster child of the AI frenzy, delivered another stellar earnings print alongside robust forward guidance

** "Hot signals for AI infrastructure demand bullish after last days caution," a local trader says

** Dutch semi players such as ASML ASML.AS, ASM International ASMI.AS, and BESI BESI.AS grow around 2%-3%

** Paris-listed STMicroelectronics STMPA.PA and Soitec SOIT.PA jump 4.6% and 5.5% respectively

** Aixtron AiXGn.DE rises 4.7%, Infineon is up 3.1%, while Siltronic WAFGn.DE jumps 3.8%

** ams OSRAM AMS.S, Nokia NOKIA.HE and AT & S Technologie ATSV.VI jump 3.1%, 5.2% and 7.1%, respectively

** The pan-European tech index .SX8P up 1.7%, outperforming all STOXX 600 sector indices


(Reporting by Mateusz Rabiega and Ozan Ergenay)

((mateusz.rabiega@thomsonreuters.com ozan.ergenay@thomsonreuters.com))

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