CONNECT WITH US
AI & Deeptech

AI & Deeptech

Europe stocks slip on AI concerns, escalating Iran tensions

IndiaTimes (ET) - AI logo

Published on

Add as a preferred source on Google
Europe stocks slip on AI concerns, escalating Iran tensions

Business News Tech AI Europe stocks slip on AI concerns, escalating Iran tensions

Asian tech benchmarks came under pressure earlier in the day as investors reassessed the sustainability of the AI-driven rally following disappointing results from major US hyperscalers in the previous week, raising concerns that the sector has become overvalued globally.

Europe 's benchmark equities index slipped on Tuesday, with technology stocks among the biggest drags as concerns about the outlook for AI trade weighed on sentiment, while reports of escalating Middle East tensions further dampened risk appetite. The pan-European STOXX 600 index fell 0.4% to 647.13 points by 0955 GMT. The technology sector lost 1.6%, with STMicro and ASML down more than 1.1%, respectively. Siemens Energy shed nearly 1%.

Asian tech benchmarks came under pressure earlier in the day as investors reassessed the sustainability of the AI-driven rally following disappointing results from major US hyperscalers in the previous week, raising concerns that the sector has become overvalued globally. Tech giant Apple's dour gross margin forecast for the crucial holiday quarter added to the cautious mood. In Europe, however, Gilles Guibout, head of European equities at BNP Paribas Asset Management, said valuations have cooled, while earnings dynamics is still positive. "We would rather be on the buy on the weakness mode for the time being, because we don't think that those investments would be questioned. 8 billion) in investment. 4% and after the German pharmaceuticals and agriculture group raised 2026 profit forecast. Healthcare is seen as a good portfolio diversifier against AI-fuelled market volatility.


Source link
Related Topics:AI & Deeptech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.