Deutsche Bank sees AI monetization fears creating buying chance in EU chip stocks

What happened: Deutsche Bank analysts say AI monetization fears, plus credit and macro concerns, are driving semiconductor investing more than company commentary or prior AI bottleneck and hardware themes. Key numbers: SOX index 9% below June highs. Some coverage down 30-45%. AT&S target raised to €380 from €320. Inficon to CHF 240 from CHF 220. Why it matters: The analysts call the selloff a chance to buy at lower valuations, naming five buy-rated European tech hardware stocks: Infineon, ST Micro, Besi, SUSS and Nokia. They say AI spending fundamentals remain very sound.

Deutsche Bank analysts say AI monetization fears, plus credit and macro concerns, are driving semiconductor investing more than company commentary or prior AI bottleneck and hardware themes.

The analysts call the selloff a chance to buy at lower valuations, naming five buy-rated European tech hardware stocks: Infineon, ST Micro, Besi, SUSS and Nokia. They say AI spending fundamentals remain very sound.