European stocks steady as Nvidia earnings fuel AI demand optimism

au.investing.com

European stocks hovered near the flatline Thursday, pausing after Nvidia's blockbuster earnings, with the Stoxx 600 dipping 0.1% as gains in chipmakers offset caution in other sectors. Nvidia reported quarterly revenue more than doubled year-on-year, and CEO Jensen Huang guided fiscal 2028 growth near 70%, far exceeding the 44% consensus. Shares rose up to 5.6% after hours, while suppliers ASML, STMicroelectronics, Infineon, and BE Semiconductors gained 2% to 4%. German consumer sentiment improved to -26.6 heading into September, while Brent crude fell 0.5% to $87.40 on renewed Middle East peace efforts involving Qatar and Iran.


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