Bloomberg, UBS Equity analysts still attach attractive valuations to many European stocks at the heart of the selloff over artificial intelligence disruption fears, revealing a sharp contrast with investors over how to assess companies in the frontlines of the AI reckoning. UBS Group AG’s EU AI Risk basket — a collection of 34 recruitment firms, media groups, and business services providers facing potential AI upheaval — has plunged 38% in a year. Yet target prices set by sell-side analysts imply that th ...

Economic Indicators - Private sector employment in the U.S. increased by 22,000 jobs in January, significantly below the expected growth of 45,000 jobs, following a downwardly revised increase of 37,000 jobs in December [25][26] - The modest increase was primarily driven by a jump in employment in the education and services sector, which added 74,000 jobs [26] Stock Market Performance - Major U.S. index futures indicate a flat open, with stocks lacking direction after a weak previous session [1] - The tech-heavy Nasdaq experienced a notable decline, dropping 336.92 points or 1.4 percent to 23,255.19, while the S&P 500 fell 58.63 points or 0.8 percent to 6,917.81, and the Dow decreased by 166.67 points or 0.3 percent to 49,240.99 [5] - Advanced Micro Devices (AMD) saw a significant drop of 10.1 percent in pre-market trading after disappointing first-quarter guidance, despite reporting better-than-expected fourth-quarter results [2][3] - Conversely, Super Micro Computer (SMCI) shares surged by 9.5 percent in pre-market trading after exceeding fiscal second-quarter estimates and raising its full-year revenue forecast [3] Sector Performance - Software stocks performed poorly, with the Dow Jones U.S. Software Index declining by 3.5 percent, marking its lowest closing level in over nine months [6] - Semiconductor stocks also faced substantial weakness, with the Philadelphia Semiconductor Index tumbling by 2.1 percent, and NXP Semiconductors (NXPI) shares dropping by 4.5 percent despite exceeding analyst estimates [7] - Retail giant Walmart (WMT) benefited from the rotation out of tech, surging by 2.9 percent and surpassing a $1 trillion market capitalization [7][8] - Gold stocks experienced a rebound, with the NYSE Arca Gold Bugs Index spiking by 4.4 percent amid rising gold prices [9] International Markets - Asian stocks ended mixed, with software stocks declining due to fears over AI impacting future growth [12] - The Eurozone's inflation rate dropped to 1.7 percent in January, below the 2 percent target, influenced by falling energy prices and a stronger euro [18] - The Eurozone private sector recorded its slowest growth in January, with a composite output index of 51.3, indicating expansion for the thirteenth consecutive month [20]

Core Viewpoint - Infineon Technologies anticipates increased sales in its fiscal second quarter and plans to boost investments due to rising demand for artificial intelligence semiconductors [1] Group 1 - The company expects higher sales in its fiscal second quarter [1] - Infineon Technologies will increase investments to meet growing demand [1] - The demand is specifically driven by the artificial intelligence semiconductor market [1]

Infineon Technologies plans to ramp up spending on its technology for data centers, aiming to grow revenue as demand for AI solutions picks up https://t.co/ERzY6hsaGj ...

Core Viewpoint - IonQ is acquiring SkyWater Technology for $1.8 billion to create a vertically integrated U.S.-based quantum computing and semiconductor manufacturing platform, emphasizing the importance of security and domestic supply chain considerations in quantum technologies [2][5][10]. Acquisition Details - The acquisition is valued at $1.8 billion, structured as a mix of cash and stock, and will make SkyWater a wholly owned subsidiary while maintaining its operations as a merchant foundry [5][16]. - SkyWater will continue to serve existing and new customers without changes to customer access or intellectual property protections [11][16]. Strategic Rationale - The deal aims to accelerate IonQ's quantum roadmap by vertically integrating U.S. manufacturing, which is expected to significantly reduce development cycle times, such as cutting the design-to-sample time for a 256-qubit chip from nine months to two months [4][6]. - IonQ anticipates being able to functionally test the first 200,000-qubit chip samples by 2028 and may advance the timeline for a 2 million-qubit chip by up to a year [7][16]. Integration and Operations - Post-acquisition, SkyWater will retain its name and CEO, with a phased integration plan focused on continuity for existing customers and deeper technical integration [3][12]. - The integration will leverage SkyWater's capabilities as a Category 1A Trusted Foundry, which is crucial for IonQ's federal business and aligns with the security-sensitive nature of quantum computing [9][10]. Company Background - SkyWater Technology is a U.S.-based specialty semiconductor foundry that focuses on high-reliability integrated circuits and serves various sectors including aerospace, defense, automotive, and medical [15][17].

Core Viewpoint - Soitec has appointed Laurent Rémont as Chief Executive Officer, effective April 1, 2026, to lead the company's development and capitalize on semiconductor market opportunities [2][5][6]. Group 1: Appointment Details - Laurent Rémont, currently Senior Vice President at Infineon Technologies, will join Soitec as a special advisor on March 16, 2026, before officially taking over as CEO [3][7]. - His appointment follows a rigorous selection process and is subject to shareholder approval at Soitec's Annual General Meeting in July 2026 [8]. Group 2: Background of Laurent Rémont - Rémont has extensive experience in the semiconductor industry, having held various positions at Infineon Technologies, Kontron AG, and STMicroelectronics, focusing on mobile communications, automotive, and artificial intelligence [4][9][10]. - He holds an engineering degree from Grenoble INP – ENSERG and has a proven track record in managing technological and industrial activities [11]. Group 3: Strategic Intent - The Board of Directors believes Rémont's expertise aligns with Soitec's strategic priorities, particularly in enhancing its product and technology portfolio around artificial intelligence [5][6]. - The company aims to build on its recent foundations to seize new growth opportunities in the semiconductor market [5]. Group 4: Company Overview - Soitec is a leader in innovative semiconductor materials, generating sales of €0.9 billion in the fiscal year 2024-2025 and employing over 2,200 people across various global locations [12]. - The company serves key markets including Mobile Communications, Automotive, and Edge and Cloud AI, holding nearly 4,300 patents [12].

Market Overview - U.S. stock markets resumed normal trading hours on December 26, 2025, following the Christmas holiday, with major indices closing at record highs due to strong AI sector performance and positive economic data [1][3] - The Dow Jones Industrial Average (DJIA) rose 0.6% to 48,731.16, the S&P 500 (SPX) gained 0.3% to 6,932.05, and the Nasdaq Composite (IXIC) increased 0.2% to 23,613.31 [3] Premarket Activity - In premarket trading, Dow Jones futures were down approximately 0.1% to 0.2%, while S&P 500 futures showed a fractional decline of 0.03% to 0.1% lower; Nasdaq 100 futures edged slightly higher by 0.00% to 0.02% [4] Corporate Earnings and Developments - Nvidia (NVDA) shares rose 0.6% to 0.7% in premarket trading following the announcement of a $20 billion acquisition of assets from AI chip startup Groq, aimed at strengthening its position in the AI inference sector [8] - Nike (NKE) shares surged 4.6% on December 24, supported by a regulatory filing revealing Apple CEO Tim Cook's $3 million purchase of Nike shares [9] - Micron Technology (MU) shares rose 3.8% on December 24 and continued to gain 2% in premarket trading, contributing to a nearly 22% increase this month due to optimistic earnings forecasts [13] - Dynavax Technologies Corp. (DVAX) shares soared 38.2% after Sanofi announced its acquisition of the company for approximately $2.2 billion [13] - Intel Corp. (INTC) shares fell 0.5% after reports that Nvidia has ceased testing its 18A production process with Intel [13] - Snowflake (SNOW) is reportedly in advanced discussions to acquire AI-native startup Observe for around $1 billion, which would be its largest acquisition to date [13] - Prudential Financial (PRU) shares rebounded after a planned share buyback program of up to $1 billion was announced [13] - Biohaven Pharmaceutical (BHVN) shares dropped 13.4% in premarket trading after its depression drug failed in a clinical trial [13] - DENSO Corporation announced a joint development agreement with MediaTek Inc. to accelerate next-generation automotive system-on-chips [13] - Infineon Technologies achieved a milestone with all global operations now supplied with 100% green electricity [13]

Peter Wawer (GIP Division President), Adam White (PSS Division President) London, 26 - 27 November 2025 We Power AI Divisional update call public 1 Agenda and speakers 13% 11% 8% 6% 3% 59% E-mobility Power infrastructure1 Software- defined vehicle IoT AI/Data center FY25 revenue of €14.7bn by segment and key growth application Main growth contributors (addressed by multiple segments) Other applications 1 Power infrastructure = Renewables + Grid infrastructure (e.g. transmission, distribution, storage…) Spea ...

Group 1 - European stocks are expected to open broadly higher, driven by optimism regarding the potential end of the U.S. government shutdown [1] - The U.K.'s FTSE index is projected to remain unchanged, while Germany's DAX, France's CAC 40, and Italy's FTSE MIB are expected to rise by 0.4%, 0.25%, and 0.22% respectively [2] - Earnings reports are anticipated from several companies including Infineon Technologies, E.ON, Experian, Alcon, RWE, Bayer, Swiss Life, Poste Italiane, SSE, and ABN Amro [2] Group 2 - SoftBank Group shares experienced a decline of up to 10% after the announcement of the sale of its entire stake in Nvidia for $5.83 billion [2] - The sale involved 32.1 million Nvidia shares, contributing to a total of $9.17 billion raised by SoftBank through the trimming of its T-Mobile position [3] - There are ongoing discussions about a potential stock market bubble, with investors becoming more selective regarding which tech companies are leading in the AI sector [4]

Group 1 - Silvaco Group Inc. has appointed Chris Zegarelli as the new Chief Financial Officer, effective September 15 [1][3] - Zegarelli has over 20 years of leadership experience in the semiconductor industry, previously serving as Senior Vice President of Finance at Infineon Technologies [2][3] - The company specializes in technology computer-aided design (TCAD) software, electronic design automation (EDA) software, and semiconductor intellectual property (SIP) solutions [4] Group 2 - Zegarelli's prior roles include CFO positions at GaN Systems, Thermal Engineering International, and Indie Semiconductor, with earlier experience at Broadcom and Qualcomm [3] - The company is recognized as one of the best IPO tech stocks to buy currently [1]