European AI-exposed stocks fall after hot US inflation fuels global selloff

ASML Holding

15/10/2026 10:51

Adds analyst comments, updates share moves and milestones
** Shares in rate-sensitive European chip and other AI-exposed stocks fall sharply, tracking an overnight selloff in US and Asian markets 
** The STOXX tech .SX8P index falls 2.6%, heading for its worst day since July and leading sectoral losses on the wider STOXX 600 .STOXX index
** The tech index is set for a second straight weekly loss and is down 4.8% so far this week
** "The concern is not necessarily weakening AI demand, but whether heavily leveraged operators can continue financing aggressive expansion at increasingly expensive borrowing costs," Abed Jarad, analyst at mwb-research.com says
** "For now, I see this primarily as a valuation reset rather than a fundamental deterioration," he adds
** Sector heavyweight ASML ASML.AS, STMicroelectronics STMPA.PA, BESI BESI.AS, Infineon IFXGn.DE and ASMI ASMI.AS fall between 5% and 8%
** Siltronic WAFGn.DE, Soitec SOIT.PA, Aixtron AIXGn.DE, Technoprobe TPRO.MIand AT & S ATSV.VI are down between 6% and 9.5%
** Other AI-exposed stocks such as Schneider Electric SCHN.PA, Nokia NOKIA.HE, Legrand LEGD.PA, ABB ABN.S and Prysmian PRY.MI all slide between 3% and 5.1%

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))