• Tikehau Capital’s November 2026 market analysis favors selective European equities as investors rotate away from AI-linked stocks toward defensive sectors.
• US technology and communication services stocks have fallen 5% and 9.3%, respectively, since September amid scrutiny of debt-funded AI investment.
• European equities trade at 14 times earnings versus 18 times for the S&P 500, supporting the diversification case.
• STOXX Europe 600 earnings per share rose 20.4% year over year in the second quarter, the strongest quarterly growth in four years.
• European industrials, defense and banks offer selective opportunities, while concerns over AI monetization reinforce the need to diversify concentrated exposure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tikehau Capital SCA published the original content used to generate this news brief on November 11, 2026, and is solely responsible for the information contained therein.