The lower the AI exposure, the bigger the problem for Europe's chip firms By Olivier Sorgho and Nathan Vifflin July 25 (Reuters) - Shares in European semiconductor firms less exposed to AI chips slumped on Thursday as falling demand from their key automotive and industrial clients hit business prospects, on top of a wider sector correction. Chip component suppliers like ASML ASML.AS and ASM International ASMI.AS are more exposed to the booming AI chip market and demand from high-end tech clients

UPDATE 2-European shares fall as earnings deluge disappoints STOXX 600 down 0.7% Universal Music Group slumps as streaming growth disappoints Kering down after weak H2 forecast Besi tumbles as Q3 outlook disappoints Unilever gains after H1 profit beat Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan July 25 (Reuters) - European shares closed lower on Thursday as a slate of downbeat earnings reports in several sectors including tech and luxury weighed, while a global run for safe haven

UPDATE 1-ASMI raises quarterly guidance after AI orders offset Chinese sales drop Recasts, adds background and quote, paragraphs 1,3,4 By Nathan Vifflin July 23 (Reuters) - Computer chip-making equipment supplier ASM International ASMI.AS (ASMI) raised its third-quarter guidance after second-quarter orders beat expectations thanks to AI-related products that outweighed a drop in Chinese sales, it said on Tuesday.

LIVE MARKETS-A quick chat about the growth of AI Nasdaq up ~1%, S&P 500 rallies 0.7%, Dow barely higher Tech leads S&P 500 sector gainers; Energy weakest group Dollar, bitcoin edge up; gold, crude dip U.S. 10-Year Treasury yield rises to ~4.27% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com A QUICK CHAT ABOUT THE GROWTH OF AI When it comes to the growth of AI, the market may be

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change ON Semiconductor Corp ON.OQ +4.8% Lam Research Corp LRCX.OQ +4.2% ASML Holding NV ASML.OQ +4.1% Applied Materials Inc AMAT.OQ +4.0% KLA Corp KLAC.OQ +3.9% Bottom Performers Percent Change CrowdStrike Holdings Inc CRWD.OQ -12.9% Warner Bros Discovery Inc WBD.OQ -4.3% Starbucks Corp SBUX.OQ -3.1% Charter Communications Inc CHTR.OQ -2.9% Comcast Corp CMCSA.OQ -2.4% The Nasdaq 100 .ND