AI Selloff Leaves European Stocks Quietly Resilient

The Nasdaq AI stock selloff is hitting chip makers as investors fear Democratic midterm gains could slow data center expansion. Fiona Cincotta, StoneX Senior Market Analyst, explains why European stock indices are holding up far better than Wall Street and what the DAX chart is showing. U.S. tech stocks are leading the losses while the FTSE 100 and the DAX fall far less, a gap that points to funds potentially moving from the U.S. into Europe. The FTSE 100's light weighting in technology stocks has made it a resilient index during the U.S. selloff. Democratic victories in key states where data centers face public opposition add to existing doubts over heavy AI spending and the timing of returns. The DAX trades above its rising trend line and its 50-day and 200-day moving averages after a record high, with RSI momentum still above 50. 00:00 - Nasdaq AI Selloff Hits Chips 00:27 - Midterm Data Center Fears 01:09 - FTSE 100 as a Tech Hedge 02:06 - DAX Uptrend Survives a Record 03:16 - Nasdaq and DAX Split Apart Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share Like and subscribe for more financial market insights. #Nasdaq #StoneX #FionaCincotta #DAX #FTSE100 --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@StoneX_Official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social