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Tech under the microscope amid AMD’s financial results and fears over a Democratic victory
(Il Sole 24 Ore Radiocor) – Tech shares under scrutiny in Europe, torn between fears that thethe Democrats’ ‘blue wave’ (which has taken the US Parliament by storm) might slow down the AI revolution and the prospects for ever-growing demand for tech products, as evidenced by AMD’s quarterly results. On the Milan Stock Exchange, shares are falling Stmicroelectronics, Technoprobe and Prysmian, which, after an uncertain start, has begun to trend downwards. Infineon Technologies is holding its ground in Frankfurt, whilst ASML is falling in Amsterdam. Some investors are factoring in the possibility that the Democrats may impose restrictions and limitations on the expansion of AI infrastructure, starting with electrification, the company’s core business.
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