Dutch chipmakers rise as Amsterdam market extends recovery

Dutch chipmakers ASML, BE Semiconductor Industries (Besi) and ASM International (ASMI) rose in early Amsterdam trading on Tuesday, extending a recovery after last week’s steep losses in AI-related shares. The AEX index was up 0.5% at 1,135.84 points shortly after the market opened, according to ANP, the Dutch news agency.

Investors took encouragement from gains on Wall Street, where the Nasdaq had recovered much of Thursday’s drop by Monday’s close, ANP reported. Nvidia shares moved in the opposite direction, falling sharply on Monday as the company faced scrutiny over reports concerning chief executive Jensen Huang and a woman suspected of spying for China. Nvidia has said its board is investigating the reports; it has also said it has no reason to believe national security or company secrets were compromised.

ANP reported that shareholders had begun a lawsuit against Nvidia and Huang over alleged deception. The early gains in Amsterdam came as the chip sector continued to recover, while uncertainty around Nvidia remained in focus.