European Chip Stocks Edge Higher After Monday Rout
Dow Jones
Yesterday
0819 GMT - Shares of European semiconductor companies are in green territory on Tuesday following Monday's selloff. Chinese tech giant Alibaba said it planned to raise $10.2 billion to invest in artificial intelligence, weighing on global chip stocks on Monday. On Tuesday, shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are up 0.5% and 0.2%, respectively. German chip maker Infineon Technologies gains 1.8%. STMicroelectronics shares are up 0.7%. Meanwhile, the E-mini Nasdaq 100 futures contract is 0.4% higher, pointing to a positive opening for tech stocks in the U.S.
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