European IT stocks fall as OpenAI launches corporate unit

ReutersMay 12, 2026 8:36 AM

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Shares in European IT services companies track sharp declines in U.S. peers after OpenAI launches a $4 billion corporate unit and buys artificial intelligence consulting firm Tomoro, stoking fresh concerns about disruption in the sector

IT services firms Capgemini CAPP.PA, Sopra Steria SOPR.PA, Adesso ADNGk.DE, Bechtle BC8G.DE and Cancom COKG.DE all fall more than 2%

Software and advertising names also under pressure, with TeamViewer TMV.DE down 3.5%, SAP SAPG.DE down 2% and Planisware PLNW.PA off 3.4%, while advertisers Publicis PUBP.PA and WPP WPP.L fall 1.5% and 4% respectively

Digital consulting firm Reply REY.MI slips over 2%, while information and education groups Wolters Kluwer WLSNc.AS, RELX REL.L and Pearson PSON.L lose 1–3%

The losses follow a selloff in U.S. peers Cognizant CTSH.O, Accenture ACN.N, IBM IBM.N and Gartner IT.N, which ended the previous session down 2.8–4.4%

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