Silver Sunrise Euro TMT Daily

This daily report provides coverage of European TMT sector research, including initiations on GlobalData and updates on Aixtron and Hexagon. It also reviews broader global market volatility and upcoming industry events.

Key Takeaways

• 1.GlobalData initiation at Neutral with a 135p target, citing balanced risk/reward following a 43% rally since April.
• 2.Aixtron investor meeting highlights: G10 to G4 tool ratio shifting to 70:30 in 2026, with Malaysia capacity expansion planned for 2H 2027.
• 3.Hexagon price target lowered to SEK 85 following the spin-off of Octave and updated financial models for Q2 2026.

Table of Contents

• EU TMT TODAY
• QUICK SILVER : SNIPPETS
• Events
• Global TMT Content
• Key Research / Comments
• Trading Recap
• Macro Research
• J.P. Morgan TMT Events
• J.P. Morgan TMT Contacts