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Technology

European shares ease as AI-driven tech selloff deepens

Jenna Larson
Jenna Larson
Jenna Larson
Bureau Chief · Fargo, ND

Jenna Larson has been reporting on the Fargo region for over 15 years. She graduated from North Dakota State University and began her career at The Forum of Fargo-Moorhead before joining the Bison Current network. Jenna's focus is on community events, local initiatives, and the stories that make Fargo unique.

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Bureau Chief · Friday, October 30, 2026 at 8:25 AM · 1 min read
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European shares ease as AI-driven tech selloff deepens — Fargo Technology news

Oct 30 (Reuters) European shares inched lower on Friday as technology stocks came under pressure from renewed concerns over ​AI investment returns, although the benchmark ‌index remained on track for a monthly gain thanks to strong corporate earnings. The pan-European STOXX 600 index fell 0.25% to 647.49 by 0809 GMT ‌but ​was set to post ⁠both weekly and ⁠monthly gains. Technology stocks led declines on Friday, with the sector index down 2%, after earnings from Amazon and Intel reignited investor ​concerns about the sustainability of heavy AI-related spending and the returns it ⁠can generate. Political uncertainty in ⁠France also weighed on sentiment this ​month, as the country faces mounting pressure ​from rising living costs and elevated government ‌debt. Still, robust earnings from the likes of ASML, Shell and Airbus reinforced confidence in the health of European corporates and lifted ⁠investor sentiment. BP rose 1.1% after posting third-quarter net income ahead of expectations,

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