European shares fell on Tuesday as a global technology sell-off spread across markets. The pan-European STOXX 600 dropped 0.6%. Germany's DAX fell 0.3%, France's CAC 40 fell 0.3%, and London's FTSE 100 declined 1.1%, according to Investing.com.
The report says Apple warned that persistent inflation in memory chip prices would squeeze its gross margins through the holiday shopping quarter. European semiconductor stocks fell sharply in response. ASML, ASM International and BE Semiconductor each fell between 2% and 4%. STMicroelectronics and Infineon each fell more than 3%.
Oracle's plan to raise $20 billion through bond and share sales added to the pressure. The report links the raise to Oracle's cloud infrastructure and datacenter expansion, and says it renewed investor concern about artificial intelligence funding and cash burn.
AJ Bell investment director Russ Mould said investors now turn to Nvidia's third-quarter results, due on November 17. He said the big U.S. technology companies had received "varying degrees of scepticism" after their latest quarterly reports.
Some sectors rose. Lufthansa shares gained 1.6% after the airline narrowed its full-year 2026 operating profit forecast because of higher jet fuel costs tied to Middle Eastern supply tensions. Koninklijke Philips rose 6% after reporting higher quarterly profit. Bayer rose 6% after beating analyst expectations on revenue and operating profit and raising its full-year outlook.
Other company moves included a 17% drop in Truecaller after a third-quarter net loss and a cautious user growth outlook. TeamViewer fell as much as 18% after cutting its full-year revenue growth forecast. Drax rose 9% after partnering with Radiant on a data centre project that could attract £20 billion in funds.
The report says investors also held back ahead of Tuesday's U.S. midterm elections and Friday's October U.S. nonfarm payrolls report, which it says investors are using to gauge the Federal Reserve's December rate path.