Bloomberg European stocks’ outperformance over the US has taken a surprising turn this year, with technology names in the driving seat. Technology is the best-performing Stoxx Europe 600 index sector in January, up 10%. That’s a sharp contrast to the US, where the S&P 500 Information Technology Index is little changed. Most Read from Bloomberg A key reason why European tech is burning brighter is its heavy exposure to chip equipment names. ASML Holding NV, ASM International NV and BE Semiconductor In ...

Core Viewpoint - Applied Materials, a chip equipment maker, anticipates a $600 million reduction in fiscal 2026 revenue due to the U.S. expanding its restricted export list, impacting sectors like semiconductors and aircraft [1] Group 1: Company Impact - The forecasted revenue hit of $600 million is a direct consequence of new export restrictions imposed by the U.S. government [1] - The restrictions are expected to significantly affect the semiconductor industry, which is already facing challenges [1] Group 2: Industry Implications - The expansion of the restricted export list indicates a tightening regulatory environment for the semiconductor sector, potentially leading to further revenue declines across the industry [1] - Other sectors such as aircraft manufacturing are also likely to experience negative impacts from these export restrictions [1]