European shares experienced a mixed day on Thursday, with the STOXX 600 index edging higher by 0.2% to 640.70 points, driven by gains in food and beverage, personal goods, and healthcare. However, tech stocks fell 2%, led by declines in Soitec and Aixtron, as investors awaited US jobs data for clues on interest rates.
Meta's plan to lease surplus data center capacity sent AI-related stocks tumbling, with chipmakers and GPU cloud providers falling sharply. This move, however, helped Meta's shares rise above $600. The company's strategy has raised concerns about the future of AI stocks.
Investors are betting on firms tied to the AI boom, as seen in the Nasdaq debut of ITG, which rose 12.5% and gave the company a market value of $2.18 billion. Meanwhile, Indian tech tycoon Bhavin Turakhia has bet $30 million on an AI alternative to Microsoft Office, launching a new venture called Neo.
The AI sector has also seen significant deals, with Chinese AI-driven drug-design firms striking 169 licensing deals worth $93 billion in 2026. Additionally, AI-generated videos have become a $390 service to help Koreans cope with the loss of loved ones.
Other developments in the AI space include Levo's launch of an AI-powered charter sales platform and Candidly's addition of AI guidance for financial wellness. CoreWeave's stock sank after a report that Meta may launch a cloud business, while Meta Platforms' stock looks undervalued with a P/E ratio of 12.4.
Key Takeaways
['European shares mixed on Thursday, with tech stocks falling 2% on AI-related concerns.', "Meta's plan to lease data center capacity sent AI stocks tumbling.", 'ITG debuts on Nasdaq with $2.18 billion market value.', 'Chinese AI-driven drug-design firms struck $93 billion in licensing deals.', 'Indian tech tycoon Bhavin Turakhia bets $30 million on AI alternative to Microsoft Office.', 'AI-generated videos help Koreans cope with loss, priced at $390.', 'Levo launches AI-powered charter sales platform.', 'Candidly adds AI guidance for financial wellness.', "CoreWeave stock sinks on report of Meta's potential cloud business.", "Meta Platforms' stock looks undervalued with a P/E ratio of 12.4."]European shares slip as AI stocks weigh
European shares edged higher on Thursday but AI-related stocks fell. The STOXX 600 index was up 0.2% at 640.70 points. Food and beverage, personal goods, and healthcare led the gains. Tech stocks fell 2%, led by Soitec and Aixtron. Investors awaited US jobs data for clues on interest rates.
European shares slip as AI stocks weigh
European shares slipped on Thursday as AI stocks fell. The STOXX 600 index fell 0.4% to 444.45. Tech stocks led the decline. Investors awaited US nonfarm payrolls report for clues on labor market.
European shares slip as AI stocks weigh
European shares edged higher on Thursday as gains countered a slide in AI-related stocks. Investors parsed through softer-than-expected US jobs data.
Meta Compute Plan Hits AI Stocks
Meta's plan to lease surplus data center capacity sent AI stocks tumbling. Chipmakers and GPU cloud providers fell sharply. Meta's shares rose above $600 after the announcement.
Korea sinks as AI chip selloff deepens
South Korean stocks led losses across Asia on Thursday as AI chip selloff deepened. Chipmakers Samsung Electronics and SK Hynix fell sharply.
Oaktree-backed ITG jumps in Nasdaq debut
ITG's shares rose 12.5% in Nasdaq debut, giving the company a market value of $2.18 billion. Investors backed firms tied to AI boom.
China AI drug-design deals swell
Chinese AI-driven drug-design firms struck 169 licensing deals worth $93 billion in 2026. Global pharma firms tapped into Chinese AI assets.
AI 'grief videos' turn mourning into a $390 service
AI-generated videos help Koreans cope with loss of loved ones. Videos cost $390 and are used in memorial rituals.
CoreWeave Takes Another Hit From Meta
CoreWeave stock sank after a report that Meta may launch a cloud business. Analyst sees 200% upside for CoreWeave.
Indian tech tycoon bets $30M on AI
Indian tech tycoon Bhavin Turakhia bets $30M on AI alternative to Microsoft Office. New venture Neo combines project management, documents, file storage, and AI.
Levo launches AI-powered charter sales platform
Levo launches Flight Leads, an AI-powered sales dashboard for charter operators. Platform matches flight requests with aircraft availability.
Candidly Launches AI Guidance
Candidly adds AI guidance for Trump accounts, 401(k)s, and financial wellness. Platform offers personalized financial guidance.
Meta Platforms Stock Looks Cheap
Meta Platforms' stock looks undervalued with a P/E ratio of 12.4. Company's fundamentals remain strong despite recent earnings miss.
Sources
- European shares slip as AI stocks weigh; US jobs data in focus
- European shares slip as AI stocks weigh; US jobs data in focus
- European shares slip as AI stocks weigh; US jobs data in focus
- Meta Compute Plan Hits AI Stocks As Global Chip Selloff Deepens
- Korea sinks as AI chip selloff deepens; Japan suppliers tumble
- Oaktree-backed ITG jumps in Nasdaq debut, signaling strong AI infrastructure demand
- China AI drug-design deals swell as US scrutiny mounts
- AI “grief videos” turn mourning into a $390 service in South Korea
- CoreWeave Takes Another Hit From Meta. One Analyst Sees 200% Upside for the AI Stock.
- Indian tech tycoon bets $30M of his own money to build AI alternative to Microsoft Office
- Levo launches AI-powered charter sales platform | Corporate Jet Investor
- Candidly Launches AI Guidance for Trump Accounts and 401(k)s
- 1 Jaw-Dropping Metric Proves Wall Street Is Completely Wrong About This Battered Artificial Intelligence (AI) Hyperscaler
Comments
Please log in to post a comment.