Infineon shares continue their impressive rally and rise to their highest level since the dot-com era.
• Infineon shares exceed the 70 euro mark
• AI boom and NVIDIA numbers drive semiconductor sector
• Citigroup raises price target to 80 euros
The semiconductor company Infineon continues its rally unabated on Friday. Driven by a global boom in demand in the field of artificial intelligence and industry voices, the share broke through the psychologically important mark of 70 euros in XETRA trading on Friday. At its peak, the stock climbed to 71.18 euros, and most recently there was an increase of 4.71 percent to 71.20 euros on the price boards. This means that the DAX stock has reached its highest level in around 26 years and is leaving the price marks from the time shortly after the turn of the millennium behind in chart terms.
AI rally and an analyst hammer ignite the price fireworks
Infineon’s current surge is the result of a massive sectoral reassessment. The main catalysts in recent trading days were the brilliant quarterly figures from the US industry leader NVIDIA and new impulses from the industry giant OpenAI. Since semiconductors and power electronics form the physical backbone of any AI infrastructure, the boom is now expanding to European suppliers. At the beginning of May, the Munich-based company had already raised its own annual forecasts because incoming orders in the strategically important automotive segment and in industrial applications improved significantly.
A well-received large-scale study by the US investment bank Citigroup provided additional fuel on the market. The analysts raised their price target for the German semiconductor company from 52 to 80 euros and reinforced their buy recommendation. The experts justify this step with the expectation of a sustained special economic situation and excellent long-term growth prospects, which will make the share one of the absolute top performers of the year in the tech sector.
Infineon shares with a mixed stock market history
For long-time market participants, the jump over the 70 euro mark is a historic satisfaction. The last time that Infineon shares were traded at this valuation level was more than a quarter of a century ago. In the spring of 2000 – at the absolute peak of the dot-com bubble at the time – the share reached an all-time high of over 83 euros shortly after its IPO, before the bursting of the technology bubble plunged the title into a decade-long dry spell.
In the current year, the share is now extremely strong and is by far the best DAX stock of 2026. Since the start of the year, the stock has recorded a price increase of around 87 percent, while the increase in value over the past 12 months even amounts to over 111 percent. Reaching the multi-decade high underlines that the former crisis stock has finally matured into a global beneficiary of digital transformation.
Claudia Stephan, Benedict Kurschat, editorial team finanzen.net
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