'Positive for AI trade': CoreWeave results lift Europe's semis
BUZZ-'Positive for AI trade': CoreWeave results lift Europe's semis ** European semiconductor stocks rise after neocloud CoreWeave CRWV.O posted a Q3 sales beat and lifted 2026 revenue guidance
** A local trader describes CoreWeave's results as "positive for AI trade"
** "Demand for AI infrastructure remains extraordinarily strong for CoreWeave. The company is sold out for 2027, and its 2028 capacity is also sold out," says Morningstar
** AI demand is the semiconductor industry's main growth engine, as AI servers require far more silicon than traditional computing infrastructure
** Soitec SOIT.PA is up about 8%, AT&S ATSV.VI jumps some 10% to top of STOXX 600 .STOXX
** Infineon IFXGn.DE, ASMI ASMI.AS, Aixtron AIXGn.DE, BESI BESI.AS, STMicro STMMI.MI and ASML ASML.AS all rise between around 3% and 5%, helping to push the wider tech index .SX8P to one-week high
** French electrical and digital building infrastructure groups Legrand LEGD.PA and Schneider SCHN.PA, key suppliers to big cloud companies building AI data centres, also rise between around 2% and 3%
** Nokia NOKIA.HE also up around 3%
(Reporting by Dimitri Rhodes and Ozan Ergenay in Gdansk)