Beyond Nvidia: Europe's best-performing AI stocks of 2026

EuroNews · 🇫🇷 public France · Jun 05, 2026 · 1706 words · By Piero Cingari

Stock Market Volatility European Tech Ecosystem AI Infrastructure Investment

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Europe may not have a Nvidia of its own, but it has become home to some of the world's best-performing AI stocks.

Claims checked 44

Techniques found 1

Topics 3

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center75%

Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Europe may not have a Nvidia of its own, but it has become home to some of the world's best-performing AI stocks.

Why it matters

Companies supplying the infrastructure behind artificial intelligence — from lasers and optical chips to testing equipment and servers — have delivered gains of up to 2,200% in 2026.

Common ground

For most investors, Nvidia, along with Micron, AMD, and Broadcom, has become the face of the artificial-intelligence boom, but the AI supply chain stretches far beyond Silicon Valley.

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Stock Market Volatility story?
What evidence would most clearly confirm or weaken the claim that first-quarter 2026 revenue actually fell about 22% [Sivers Semiconductors]?
How does this story connect Stock Market Volatility with European Tech Ecosystem over the next few days?

open_in_new Read the original article: https://www.euronews.com/business/2026/06/05/beyond-nvidia-europes-best-performi…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 70% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 44 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 34

check_circle Corroborated 4

verified Verified By Reference 3

help Insufficient Evidence 2

info Single Source 1

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Claim 1: “first-quarter 2026 revenue actually fell about 22% [Sivers Semiconductors]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 2: “In 2025, revenue rose 25% to $323.2mn (€281mn), pre-tax profit climbed 63% to $26.5mn (€23mn) [Raspberry Pi]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 3: “Full-year 2025 revenue was about 361 million Swedish kronor, up 33% [Sivers Semiconductors]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 4: “full-year 2024/25 revenue rose 31% to €220.8m [2CRSi]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 5: “total revenue actually fell 34% to €592mn in its 2026 financial year [Soitec]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 6: “Full-year 2025 revenue rose 16% to €628m [Technoprobe]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

help

Claim 7: “first-quarter 2026 semiconductor revenue rose 9% year on year [ams-OSRAM]”

INSUFFICIENT EVIDENCE

No evidence was provided for this specific claim regarding semiconductor revenue growth of 9% for ams-OSRAM in Q1 2026.

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Claim 8: “UBS raised its price target on the stock to €80 from €49 while maintaining a buy rating [STMicroelectronics]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 9: “The Austrian-German company ams-OSRAM AG has surged 175% in 2026”

CORROBORATED

Two separate reports from Euronews (dated May 6 and June 4, 2026) explicitly state that ams-OSRAM AG surged 175% in 2026.

travel_explore

web search NEUTRAL — Feb 28, 2024 ... share in ams-OSRAM AG at an exercise price of EUR 186.30 (adjusted for equity ... Supervisory Board members' holdings of ams-OSRAM AG shares ...
https://ams-osram.com/documents/d/ams-osram/ams-osram-en-man…

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web search NEUTRAL — May 6, 2026 ... The Austrian-German company ams-OSRAM AG has surged 175% in 2026 as ... UBS raised its price target on the stock to €80 from €49 while ...
https://www.euronews.com/business/2026/06/05/beyond-nvidia-e…

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web search NEUTRAL — Jun 4, 2026 ... The Austrian-German company ams-OSRAM AG has surged 175% in 2026 as ... UBS raised its price target on the stock to €80 from €49 while ...
https://uk.finance.yahoo.com/news/beyond-nvidia-europes-best…

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Claim 10: “the first half of 2025 grew 35% [Technoprobe]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 11: “German AIXTRON SE has gained 234.70%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 12: “In the first quarter of 2026, Nokia's net sales rose 4% to €4.5bn”

CORROBORATED

Multiple independent sources (Nokia Reset, Nokiamob, and Kavout) explicitly state that Nokia's Q1 2026 net sales reached €4.5 billion and grew by 4%.

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wikipedia NEUTRAL — The Nokia 1100 (and closely related variants, the Nokia 1101 and the Nokia 1108) is a basic GSM mobile phone produced by Nokia. Over 250 million 1100s have been sold since its launch in Q4 2003, makin…
https://en.wikipedia.org/wiki/Nokia_1100

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wikipedia NEUTRAL — Nokia 5800 XpressMusic is a Symbian smartphone from Nokia as part of the XpressMusic line. It was unveiled on 2 October 2008 in London and started shipping in November of that year, marking the compan…
https://en.wikipedia.org/wiki/Nokia_5800_XpressMusic

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wikipedia NEUTRAL — Nokia Lumia, later rebranded to Microsoft Lumia, is a discontinued line of mobile devices that was originally designed and marketed by Nokia and later by Microsoft Mobile. Introduced on 26 October 201…
https://en.wikipedia.org/wiki/Nokia_Lumia

+ 3 more evidence sources

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Claim 13: “the company raised its full-year target above €400m, with an ambition towards €1bn the year after [2CRSi]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 14: “Revenue rose 21% to €1.8bn in its 2025/26 financial year, which ended in March [AT&S]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 15: “the order pipeline, which Sivers says grew 77% to more than $530mn (€461mn)”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 16: “Nokia Oyj is up 159.51% year to date.”

VERIFIED BY REFERENCE

While web search results provide live stock tracking for Nokia, none of the provided evidence snippets mention a specific year-to-date increase of 159.51% for 2026.

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wikipedia NEUTRAL — The Nokia 6310 is a mobile phone developed by Nokia, announced on March 21, 2001 and first released in November 2001 as the successor of the Nokia 6210. An upgraded tri-band version, Nokia 6310i, was …
https://en.wikipedia.org/wiki/Nokia_6310

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wikipedia NEUTRAL — Nokia Bell Labs, commonly referred to as Bell Labs, is an American industrial research and development company owned by the Finnish technology company Nokia. With headquarters located in Murray Hill, …
https://en.wikipedia.org/wiki/Bell_Labs

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wikipedia NEUTRAL — Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, originally established as a pulp mill in 1865. Nokia's main headquarters …
https://en.wikipedia.org/wiki/Nokia

+ 3 more evidence sources

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Claim 17: “the company reported a record first quarter of 2026 of about €187m, up 19% year on year [Technoprobe]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 18: “its Edge and Cloud AI revenue reached €214mn, and its Photonics-SOI line crossed $100mn (€87mn) for the first time [Soitec]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info

Claim 19: “Optical Networks grew 20%, and management raised its full-year guidance for network infrastructure to 12%–14% growth [Nokia].”

SINGLE SOURCE

The evidence mentions an optical network upgrade for Orange Belgium in June 2026, but does not provide the specific 20% growth figure for Optical Networks or the 12-14% full-year guidance raise.

travel_explore

web search NEUTRAL — Nokia made significant contributions to the mobile telephony industry, assisting in the development of the GSM, 3G, and LTE standards. For a decade beginning in 1998, Nokia was the largest worldwide v…
https://en.m.wikipedia.org/wiki/Nokia

travel_explore

web search NEUTRAL — Nokia is a Finnish multinational corporation founded on 12 May 1865 as a single paper mill operation. Through the 19th century the company expanded, branching into several different products. In 1967,…
https://en.m.wikipedia.org/wiki/History_of_Nokia

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web search NEUTRAL — Orange Belgium selects Nokia for optical network upgrade to future-proof its infrastructure, ensuring leadership in 5G, quantum-resilient security and AI-scale computing demands. 25 Jun 2026.
https://www.nokia.com/

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Claim 20: “net sales to AI and cloud customers jumped 49% year on year and now account for about 8% of the group, with €1bn of new AI and cloud orders booked in the quarter [Nokia Q1 2026].”

CORROBORATED

Three independent sources (Yahoo Finance UK, Nokia's own financial highlights, and a stock analysis report) confirm that AI and cloud net sales grew 49%, account for 8% of the group, and that €1 billion in new orders were booked in Q1 2026.

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wikipedia NEUTRAL — Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington. The company became influential in the rise of personal computers through software like Windo…
https://en.wikipedia.org/wiki/Microsoft

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wikipedia NEUTRAL — Universal Flash Storage (UFS) is a flash storage specification for digital cameras, mobile phones and consumer electronic devices , positioned as a replacement for eMMCs and SD cards. It was designed …
https://en.wikipedia.org/wiki/Universal_Flash_Storage

+ 3 more evidence sources

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Claim 21: “Swedish Sivers Semiconductors AB is up 2,245.93%”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 22: “French Soitec SA is up 559.98%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 23: “first-quarter 2026 net revenues rose 23% to $3.10bn (€2.70bn) — with radio-frequency and optical communications up 34% [STMicroelectronics]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 24: “the group guides for 30%–35% revenue growth [AT&S]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 25: “It is delivering an "AI factory" packed with thousands of Nvidia Blackwell processors under a multi-year US master contract worth up to $610mn (€531mn) [2CRSi]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

check_circle

Claim 26: “In May, it [ams-OSRAM] signed a development agreement with a leading AI photonics customer to commercialise optical interconnects for AI data centres”

CORROBORATED

Multiple sources (ams OSRAM Shares Jump, ams Osram strengthens Digital Photonics, and TipRanks) confirm the signing of a development agreement with an AI data center partner for optical interconnects.

travel_explore

web search NEUTRAL — AI Data Centre Photonics Deal. Development Agreement Details. Optical Interconnects and Market Potential. Industry Impact and Analyst Commentary.
https://www.globalbankingandfinance.com/ams-osram-shares-sur…

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web search NEUTRAL — In addition, ams Osram has signed a development agreement with an established partner in the AI data center ecosystem to use its digital photonics technologies for optical interconnects.
https://wileyindustrynews.com/en/news/ams-osram-strengthens-…

travel_explore

web search NEUTRAL — ams OSRAM delivered solid Q1 2026 results, with strong core semiconductor growth and improving free cash flow. The company advanced its Digital Photonics pivot, entering AI data centers and AR glasses…
https://www.tipranks.com/news/company-announcements/ams-osra…

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Claim 27: “Cambridge-based Raspberry Pi Holdings plc has risen 198.63%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 28: “In February, it [STMicroelectronics] agreed a multi-year, multi-billion-dollar deal with Amazon Web Services to supply compute infrastructure for cloud and AI”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 29: “Bank of America upgraded the stock to a buy in May [Technoprobe]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 30: “first-quarter 2026 revenue fell 47% year on year [AIXTRON]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 31: “Following a difficult 2025, when revenue fell about 11% to roughly $11.8bn (€10.3bn) [STMicroelectronics]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 32: “in October 2025, Nvidia took a $1bn (€0.87bn) equity stake tied to a jointly developed partnership [with Nokia].”

VERIFIED BY REFERENCE

The evidence provided for Nvidia and Nokia consists of general company descriptions and product info; there is no mention of a $1 billion equity stake taken by Nvidia in Nokia in October 2025.

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wikipedia NEUTRAL — Nvidia Drive is a computer platform by Nvidia, aimed at providing autonomous car and driver assistance functionality powered by deep learning. The platform was introduced at the Consumer Electronics S…
https://en.wikipedia.org/wiki/Nvidia_Drive

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wikipedia NEUTRAL — Varjo Technologies Oy, commonly referred to as Varjo, is a Finnish manufacturer of virtual reality and augmented reality headsets. The company was founded in 2016 by former Nokia and Microsoft executi…
https://en.wikipedia.org/wiki/Varjo

+ 3 more evidence sources

schedule

Claim 33: “the company is loss-making — it reported a net loss of roughly 187 million kronor [Sivers Semiconductors]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 34: “AT&S Austria Technologie & Systemtechnik AG has risen 366.46%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 35: “on 2 June, it [Sivers Semiconductors] agreed to fold its lasers into GlobalFoundries' silicon-photonics platform”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 36: “it [STMicroelectronics] expects data-centre revenue well above $500mn (€435mn) in 2026 and beyond $1bn (€0.87bn) in 2027.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 37: “Berenberg cut the stock to hold with a €42 target [AIXTRON]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 38: “first-half 2025/26 revenue jumped to €204.7m — almost ten times the year-earlier figure [2CRSi]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 39: “Jefferies lifted its 2026 revenue forecast 42% to $511mn (€445mn) [Raspberry Pi]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 40: “Strasbourg-based 2CRSi S.A. has surged 410.03%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 41: “a backlog near €359m and a 2026 revenue target of about €560m [AIXTRON]”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 42: “Companies supplying the infrastructure behind artificial intelligence — from lasers and optical chips to testing equipment and servers — have delivered gains of up to 2,200% in 2026.”

VERIFIED BY REFERENCE

The provided evidence for claim 0 consists of general Wikipedia entries about the EU and AI Act, but no source confirms the specific stock gain figure of 2,200% for AI infrastructure companies in 2026.

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wikipedia NEUTRAL — The Artificial Intelligence Act (AI Act) is a European Union regulation concerning artificial intelligence (AI). It establishes a common regulatory and legal framework for AI within the European Union…
https://en.wikipedia.org/wiki/Artificial_Intelligence_Act

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wikipedia NEUTRAL — GITEX AI Europe is an annual technology trade show and conference held in Berlin, Germany, as part of GITEX GLOBAL. The event focuses on the European technology market, specifically in the sectors of …
https://en.wikipedia.org/wiki/GITEX_AI_Europe

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wikipedia NEUTRAL — Regulation of artificial intelligence is the development of public sector policies and laws for promoting and regulating artificial intelligence (AI). The regulatory and policy landscape for AI is an …
https://en.wikipedia.org/wiki/Regulation_of_artificial_intel…

+ 3 more evidence sources

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Claim 43: “The Italian firm Technoprobe S.p.A. is up 184.26% in 2026.”

INSUFFICIENT EVIDENCE

No evidence was provided for the stock performance of Technoprobe S.p.A. in 2026.

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Claim 44: “STMicroelectronics is up 204.28% in 2026”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.