European AI Stocks Tumble on Nvidia, Oracle Concerns -- Market Talk

Dow Jones02-02 18:01

1001 GMT - European AI stocks are down as several negative catalysts knock the sector. De-risking spurred by a precious-metals selloff was compounded by sentiment-damaging interventions from U.S.-based Nvidia and Oracle. Nvidia chief executive Jensen Huang cooled on an apparent commitment to invest $100 billion in OpenAI. And Oracle said it would seek to raise $50 billion this year through a mix of equity and credit. Chipmakers in Asia tumbled, with SK Hynix and Samsung down 8.7% and 6.3%, respectively. European names that supply those companies follow suit. In the Netherlands, ASML slips 2.9%, while ASM International and BE Semiconductor drop 3.2% and 1.95%, respectively. Suss Microtec and STMicroelectronics drop 3.3% and 3.25%, respectively.(josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

February 02, 2026 05:01 ET (10:01 GMT)

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