ASML shrugs off DeepSeek AI sell-off, posting Q4 profit beat

Squawk Box Europe Express

Dutch chip equipment ASML moves to calm investor jitters over AI plans, beating Q4 expectations with net income of €2.69bn. Nvidia shares have slowly rebounded following Monday’s DeepSeek-driven bloodbath, ending yesterday’s session almost 9 per cent higher. Other U.S. tech stocks have also clawed back losses as retail investors re-enter the sector following this week’s massive sell-off. UK Chancellor of the Exchequer Rachel Reeves is to set out deeper plans to improve the country’s economy in a speech later today, saying she anticipates opposition in her quest for growth. And in luxury news, LVMH posts a Q4 sales beat helped along by strong demand in Europe and the U.S. despite the French giant warning of an unfavourable global economic environment for the sector.

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