European Shares Stay Flat as Nvidia AI Boost Offsets Sector Declines
· Business · Economic Times, Investing.com
European shares remained largely flat on Thursday as strong gains in technology stocks offset losses across consumer goods, chemicals, and automotive sectors. The pan-European STOXX 600 index edged down 0.07% to 655.95 points by 0709 GMT. Technology shares rose 1.5% following an upbeat revenue forecast from US chipmaker Nvidia, which projected a 70% increase for the next fiscal year. Meanwhile, investors monitored diplomatic developments in the Middle East, including Qatar's prime minister visiting Tehran amid US sanctions pressure.
Why it matters
Nvidia's surging AI-driven demand is propping up broader technology sentiment even as European consumer and industrial sectors face lingering weakness.
Read the original report — Economic Times
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