CAC 40 Falls as Tech Selloff Resumes

CAC 40 Falls as Tech Selloff Resumes

The CAC 40 fell 0.5% to close at 8,385 on Friday, as renewed selling pressure in technology stocks weighed on risk appetite amid persistent concerns over elevated AI-driven valuations.

While Micron earnings offered some reassurance on underlying AI demand, reports that OpenAI may delay its IPO until 2027, along with indications that Apple and Microsoft are considering price increases for some products, added to uncertainty around the sector.

TotalEnergies lost 1.3% as oil prices declined on easing supply concerns, with more tankers leaving the Strait of Hormuz.

This came despite Iran reaffirming its control over shipping in the Strait and warning Gulf states against siding with the US, a day after an attack on a vessel near Oman.

Industrial stocks also traded lower, with Airbus down 1.6% and Safran shedding 3.2%, as investors also assessed reports that the company is evaluating a potential acquisition of Exail Technologies.

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