Dan Ives is bullish on four European tech companies—SAP, ASML, Spotify, and Klarna—despite regional investor frustration, with analysts expecting their stocks to rise.
ASML, a Dutch semiconductor equipment maker, is investing $1.5 billion in the French AI startup Mistral, valuing it at $13.8 billion, to strengthen Europe's position in AI and semiconductor technology amid geopolitical and competitive pressures.
Microsoft has announced a partnership with French start-up Mistral AI, investing in the company to expand its presence in the artificial intelligence industry. This move will allow Mistral's large language models to be available on Microsoft's Azure cloud platform, making it the second company after OpenAI to do so. The partnership aims to unlock new commercial opportunities and expand to global markets, with Microsoft emphasizing its support for European technology amid growing scrutiny from EU antitrust regulators.