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AI & Enterprise
Europe tech stocks surge on AI boom; semiconductor and optical network shares more than double
European tech shares tied to artificial intelligence infrastructure are surging this year, with some stocks posting triple-digit gains. Aixtron has risen 189 percent, while Technoprobe, STMicroelectronics and Nokia have also climbed sharply. The rally reflects expanding AI investment into data centres, networks and semiconductor equipment. Analysts say Europe’s lack of pure-play AI names is concentrating flows into a few proxy beneficiaries, even as regulatory and power constraints may limit broader momentum.
AI & Enterprise
Nokia beats market expectations as fibre optic business for AI data centres lifts results
Nokia reported first-quarter results that beat market expectations, led by its fibre optic business connecting AI data centres rather than handsets. Comparable operating profit rose 54 percent to 281 million euros, and shares rose about 7 percent in Helsinki, the highest since 2010. Optical networks grew 20 percent and the company secured about 1 billion euros of new orders from hyperscalers. Nokia raised its 2026 network infrastructure growth outlook.
AI & Enterprise
Eridu raises $200 million to develop technology to replace existing data centre network systems
AI network startup Eridu has raised $200 million in a Series A funding round, TechCrunch reported on Monday. The round was led by Socratic Partners, John Doerr and Matter Venture Partners, among others, and brought Eridu\'s total funding to $230 million. Founder Drew Perkins previously founded network companies and said he started Eridu after recognising the importance of networking between AI chips.