European markets set to rise after Nvidia results

European stock markets are expected to open higher on Thursday, following the results and outlook of American tech giant Nvidia, offering some relief from concerns related to AI. The CAC 40 in Paris could gain 0.23% at the open, according to initial indications. Futures signal a 0.13% rise for the Dax in Frankfurt, a 0.38% fall for the FTSE in London, and a 0.06% gain for the Stoxx 600. Investors are analyzing Nvidia's results, with the world's most valuable company forecasting a 70% increase in revenue for the next fiscal year. These forecasts highlight unwavering demand for artificial intelligence, reassuring investors about the sector's massive investments, though Nvidia warns that memory component shortages will continue to slow its expansion pace. In after-hours trading, Nvidia shares rose over 5%. Geopolitics also remains in focus, with Iran and Oman working on an agreement to control the Strait of Hormuz, and a projectile striking a tanker there.