Niche Chip Stock Emerges as Europe’s Next Big AI Power Play

Aixtron’s tools are used in the deposition of compound semiconductors such as gallium nitride and silicon carbide.

Source: Aixtron SE

European stock investors chasing the next artificial-intelligence winner have latched on to a new target.

Shares of German semiconductor equipment maker Aixtron SE are up about 23% this week, poised for their steepest weekly gain since June 2021, on optimism that demand for power from AI infrastructure could supercharge its growth.