Stock Movers Rheinmetall Rises, BE Semiconductor Up, On The Beach Declines
Sep 24, 2025
European defense stocks soared following Trump's comments advocating for NATO to defend their airspace. The tech sector also saw a boost as BE Semiconductor rebounded from earlier losses, propelled by a positive outlook from Micron. Meanwhile, On The Beach faced challenges with later-than-expected bookings, leading to a miss in profit guidance and dimming visibility for the future. It's a mix of optimism and caution in the markets as these narratives unfold.
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Defense Stocks Jump On Escalatory Comments
- European defence stocks rose broadly after President Trump suggested NATO should shoot down Russian planes that violate airspace.
- Chloe Millay says the remarks and recent Russian incursions drove sector-wide gains, with Rheinmetall leading the move.
Geopolitics Spurs Defense Sector Outperformance
- NATO tensions and calls for shows of force lifted investor demand for defence names in Europe.
- The sector benefits when geopolitical tensions rise, producing clear market winners like Saab and Leonardo.
AI Demand Brightens Memory Supply Chain
- Semiconductor equipment makers rallied after Micron's upbeat outlook about AI-driven memory demand.
- Chloe Millay notes Micron's optimism offset mixed signals from other suppliers and lifted stocks like BE Semiconductor and ASML.