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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