Saxo Market Call Pssst...Europe has AI stocks, too.
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Sep 12, 2025 In this engaging discussion, Ruben Dalfovo, a Saxo Equity Strategist specializing in European equities and AI sectors, dives into the intriguing landscape of AI stocks in Europe. He highlights undervalued companies like ASML and the transformative shift in the automotive industry towards smart vehicles. Dalfovo also discusses the effects of the EU AI Act on market opportunities and the interplay between global economic tensions and stock market movements. Tune in for insights on potential investment strategies amidst evolving market dynamics!
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Scrutinize AI Expectations Not Just Headlines
- John suggests caution in labelling AI a bubble and to scrutinize expectations versus pricing.
- He encourages identifying specific AI bubble stocks rather than dismissing the whole technology.
Europe Offers Cheaper AI Exposure
- Ruben notes European AI stocks trade at much lower multiples than US peers, offering value opportunities.
- He sees Europe as overlooked but containing high-quality businesses positioned for AI adoption.
Four Pillars Of European AI Winners
- Ruben structures European AI beneficiaries into four pillars to clarify where value lies.
- He highlights ASML as the dominant machine/tools provider critical to chip advancement.