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Europe just started building a ‘kill switch' for U.S. tech — and the market isn't priced for it, says this strategist
MarketWatch· 2026-02-02 11:48
Core Viewpoint - Europe is pursuing tech sovereignty, which may negatively impact companies like Zoom and Microsoft as they could lose business opportunities in the region [1] Group 1: Impact on Companies - Companies such as Zoom and Microsoft are identified as potential losers in the European market due to the continent's push for technological independence [1] - The shift towards tech sovereignty in Europe may lead to increased competition for these companies from local firms that align with the region's regulatory and operational standards [1] Group 2: Industry Implications - The move towards tech sovereignty reflects a broader trend in Europe to reduce reliance on non-European technology providers, which could reshape the competitive landscape in the tech industry [1] - This initiative may encourage investment in local tech companies, potentially leading to a more robust European tech ecosystem [1]