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European Semiconductor and Tech Stocks Rise on Friday; Stoxx Europe 600 Tech Up 2.2%

GateNews

2026-05-22 13:12:22

On Friday, European technology stocks surged, with semiconductor and AI data center-related shares leading gains. The Stoxx Europe 600 Tech index rose 2.2%, while the broader Stoxx Europe 600 index advanced 0.7%. Key semiconductor gainers included Infineon up 5.2%, ASML up 3.2%, STMicroelectronics up 3.7%, Nokia up 4.0%, and ASM International up 2.6%.

Morgan Stanley upgraded Nokia's price target from €11 to €14 on Friday, designating the stock as a top pick with an overweight rating, citing the company's position as a key beneficiary of AI infrastructure capital spending growth.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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