Milan, Jan 19, 2026, 03:18 CET — The market has closed.
- Technoprobe finished Friday at 15.55 euros, rising 2.64%, just shy of its intraday peak at 15.62 euros.
- According to Borsa Italiana data, the stock has surged 19.16% in the past month and climbed 106.64% over the last six months.
- Tariff news and late-January chip earnings are in focus, while Technoprobe’s next board meeting is set for March 18.
Technoprobe (TPRO.MI) shares wrapped up Friday at 15.55 euros, climbing 2.64% and closing close to the day’s high of 15.62. Over the last month, the stock has surged 19.16%, and it’s more than doubled in the past six months, up 106.64%, per Borsa Italiana data. (Borsaitaliana)
With Milan closed early Monday, attention turns to what might shake up a fast-moving tech stock once trading picks back up: risk appetite, sector earnings, and any hint the chip cycle is losing steam.
Technoprobe has emerged as a momentum proxy for semiconductors on Euronext Milan, despite being just a step removed from the industry’s biggest names. It focuses on the testing segment, which often magnifies both positive and negative developments.
Macro jitters have resurfaced. Following U.S. President Donald Trump’s threat to impose new tariffs on multiple European nations, Deutsche Bank’s George Saravelos cautioned that the real market disruptor would be the “weaponization of capital rather than trade flows.” (Reuters)
Technoprobe’s market value stands at roughly 10.2 billion euros, making it one of the larger tech players in Milan’s mid-cap segment. However, its trading volumes can still dry up fast when activity slows.
The company sells probe cards, the electromechanical devices that test chips directly on the wafer before packaging. Simply put, these cards let manufacturers verify chip functionality early on, making error correction less costly. (Technoprobe)
The triggers come from outside. Traders look to late-January results from major peers to gauge the mood across the entire European semiconductor supply chain.
ASML will release its Q4 and full-year results on Jan. 28, with the press statement coming at 0700 CET, followed by a press conference and investor call the same day. STMicroelectronics plans to announce its Q4 and full-year 2025 earnings on Jan. 29, ahead of European markets opening. (ASML)
Technoprobe has its next milestone on March 18, when the board plans to sign off on the draft 2025 annual accounts and consolidated financials. Then, the shareholder meeting to ratify those accounts is booked for April 23, according to the company’s calendar. (Technoprobe)
But there’s a snag after a jump like this. Probe-card demand tends to be uneven, and if customers hold back on test spending—or if high-beta tech takes a broader tumble—orders could drop sharply, squeezing valuations fast.
Trading restarts Monday, with eyes on whether Technoprobe can maintain the 15-euro level and if tariff chatter continues to weigh on risk assets. The next major milestones come with the end-of-month chip earnings, followed by Technoprobe’s board meeting on March 18, which will spotlight its 2025 forecasts.
