Artificial Intelligence Boosts German Tech Stocks

In the early trading of the German stock market, a clear trend is evident: The impressive performance of Nvidia, which can be attributed to flourishing growth in the field of Artificial Intelligence (AI), has not only boosted the shares of the American chipmaker in after-hours trading in New York but has also elicited a positive response in the German semiconductor industry. Investors seem to recognize the potential of AI-based technologies and are rewarding this with their trust in corresponding securities. In particular, Infineon experienced a significant increase of 2.3 percent in pre-market trading, which represents a clear sign of financial confidence. Moreover, the stocks of companies that act as suppliers or equipment providers for the semiconductor industry saw noticeable gains. Siltronic enjoyed an increase of 1.5 percent, while Aixtron had a growth of 2.1 percent. A similar trend was also apparent in the technology index SDax: PVA Tepla and Süss Microtec pleased their shareholders with a rise of up to 2.6 percent. According to a recent study by Bernstein analyst Stacy Rasgon, which highlights Nvidia's latest key figures, the results of the chip giant are remarkably strong. They even exceed the high expectations of the market. Commerzbank experts reaffirmed this enthusiasm in the morning, emphasizing that these figures are likely to further strengthen optimism regarding the ongoing AI boom. In light of these developments, the German technology market is demonstrating its dynamic side, which is attracting the attention of investors and industry observers alike.