Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- ASML shares fall as much as 4.9% as European semiconductor stocks decline across the board. AI trades that were popular in the first half lose ground amid concerns over the sustainability of AI spending following the breakthrough of a Chinese open-source model.
- Burberry’s sales growth disappointed investors looking for more proof that the British fashion brand can maintain the pace of its turnaround. Shares fell as much as 7.3% after the UK luxury brand posted first-quarter results that were weaker than expected in Europe and Asia.
- Monte Paschi expressed a number of concerns over a takeover bid by Intesa while highlighting perceived benefits in a broad, rival pitch presented by Banco BPM. Monte Paschi shares slipped as much as 2.2%.