European stocks rose 0.49% on Sep 3, recovering from one-month lows, with Soitec up 10.3% after raising its 2027 revenue growth outlook to 50%

Soitec (Euronext: SOI) stock surged 12.5% to €126 after raising Q2 FY2027 revenue growth guidance to 50% YoY due to strong demand for Photonics-SOI wafers. CEO Laurent Rémont confirmed multi-year supply agreements and set a $200M+ revenue floor for the fiscal year. The company expects Q2’27 Photonics-SOI revenue to triple from Q2’26 levels. Soitec holds a dominant 95% market share in Photonics-SOI.

Soitec shares rose 6% after the French chip materials maker announced multi-year supply agreements with AI data center optics customers, securing deposits and fixed pricing. CEO Laurent Remont expects over 80% of capacity reservations to be signed within weeks. The company projects photonics-SOI revenue to more than double this financial year, exceeding $200 million. Soitec supplies substrates for nearly all silicon photonics chips, with UBS estimating a 95% market share.

Deutsche Telekom said it will buy Fiberhost and Inea from Macquarie Asset Management for about EUR 1 billion enterprise value. The deal is expected to add Inea’s 300,000+ customers and Fiberhost’s fiber network passing 1.4 million homes, expanding T-Mobile Polska’s fixed broadband. Deutsche Telekom shares were down 0.56% at EUR 28.51.

Deutsche Bank reported higher Q2 results, citing stronger net interest income and fee growth. Profit attributable to shareholders rose to €1.850 billion (€0.57/share) from €1.687 billion. Revenues increased to €8.5 billion. Net interest income rose to €4.549 billion and fee income to €2.861 billion. The bank confirmed its 2026 revenue target of about €33 billion.

Dell Technologies (DELL) shares rose to record highs after strong Q2 results, boosting CEO Michael Dell's wealth. Dell's net worth, largely tied to his DELL and Broadcom (AVGO) stakes, surged by $101B in 2026, ranking second year-to-date. DELL reported record revenues and guidance, with shares up over 300% YTD.

Nvidia reported Q2 revenue of $96.2B, up 106% YoY. CFO Colette Kress noted cloud industry backlog exceeds $2T, with hyperscalers' capex expected to reach $800B by 2026 and $1.3T by 2027. Nvidia's share of hyperscaler spending is estimated at 24%, potentially leading to $315B in hyperscaler revenue by 2027. CEO Jensen Huang indicated supply constraints may limit revenue growth to 70% in fiscal 2028, despite higher demand.