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Flea manufacturers in Asia and Europe rebounded on Wednesday after solid profits from companies in the Dutch group ASML added to the Nvidia industry rally.
The recovery occurred after the manufacturer of American chips Nvidia closed almost 9% on Tuesday, recovering some of the heavy losses which suffered nearly $ 600 billion on its market capitalization at the start of the week, when investors were Worried about the threat of China’s deep China to China’s Seepseek to American supremacy in artificial intelligence.
The emergence of Deepseek, which promises to develop AI tools at a fraction of the cost of American rivals, was called a contemporary “Sputnik moment”.
The Stoxx Europe 600 reference increased by 0.5%, led by ASML. The chip equipment manufacturer has announced profits that have beaten analysts’ expectations, sending its 10% higher shares to Amsterdam.
ASM, another stock of fleas, increased by 7%, while the technological index of Stoxx Europe 600 increased by 4.3%, more than the erasure of the rout on Monday.
“What happened on Monday was an excessive excessive reaction that was amplified by extreme positioning,” said Elyas Galou, a global investment strategist at Bank of America, highlighting positions cluttered in global technological actions before the ‘Inauguration of US President Donald Trump and before the profits of this week of this week of Tech Bellwethers, including Meta and Microsoft.
“We saw a lot of purchase yesterday, including retail investors, who supports the market today,” he added.
NVIDIA actions were stable Wednesday in pre-commercial exchanges. The term markets underlined another rebound in the United States, the contracts following the Nasdaq up 0.3% and those which follow the apartment of the S&P 500.
The Nikkei 225, heavy with Japan technology, ended by 1% after a rebound in semiconductor actions and the AI Softbank investor.
“The markets have examined the developments in China with AI and it is perhaps a reflection that Monday movements were an exaggerated reaction,” said Mitul Kotecha, responsible for emerging markets and exchange strategy in Barclays .
Analysts of the Asian market of Goldman Sachs wrote in a note on Tuesday evening that “the occurrence of high quality actions could also offer investment opportunities”, adding that “we believe that strong companies will become even stronger”.
In Tokyo, the supplier of Nvidia Advantest closed 4.4% while the company of semiconductors Tokyo Electron increased by 2.3%. SoftBank ended the day with an increase of 2.4%.
The rests of the rest of Asia were also dynamic on Wednesday. The NIFTY 50 of India increased by almost 1% in the afternoon trade while the ASX 200 in Australia increased by 0.6%. China, South Korea and Taiwan are closed for the new year lunar holidays.
However, analysts warned that the recovery had not yet completely canceled the panicked falls on Monday while investors digested the implications of the heavy investment of AI by US Tech in light of the achievements of Deepseek.
“There was no rebound like” Oh, it was nothing “. It’s just a reflection that Monday’s move was a little exaggerated, “said Kotecha de Barclays.
