{
  "id": 10931465,
  "title": "3 European chip stocks to buy for Q3 earnings season: Jefferies",
  "url": "https://urgent.news/2026/09/30/3-european-chip-stocks-to-buy-for-q3-earnings-season-jefferies",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T11:50:40.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/3-european-chip-stocks-to-buy-for-q3-earnings-season-jefferies-4924943"
  },
  "original_language": "en",
  "account": "Jefferies identifies Infineon Technologies, Nokia, and ams OSRAM as top chip stocks for Q3 2026 earnings season. The firm warns of multiple compression already affecting European chip stocks, driven by an adverse base effect from DRAM price spikes in Q4 2025. Despite strong underlying demand, Jefferies expects only modest earnings beats and upgrades heading into the Q3 reporting season. The implied downside in sector valuation multiples, which historically precede cycle peaks and troughs by 3-6 months, leads Jefferies to view most European semiconductor stocks as having underwhelming medium-term performance potential.",
  "summary": null,
  "key_points": [
    "Jefferies identifies Infineon, Nokia, ams OSRAM as top Q3 chip stocks.",
    "European chip stocks face compression due to DRAM price spike base effect.",
    "Sector valuation multiples imply underwhelming medium-term performance potential."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}