European equity markets advanced on Thursday after Nvidia (NASDAQ:NVDA) posted robust results, alleviating fears of a slowdown in AI demand, though uncertainty over its China operations tempered sentiment.
The pan-European STOXX 600 index rose 0.3% to 556.53 as of 07:04 GMT.
Semiconductor shares showed a mixed performance as investors digested Nvidia’s data center guidance, which came in slightly below some analysts’ projections. ASML (EU:ASML) and Be Semiconductor Industries (EU:BESI) edged lower, while Infineon (TG:IFX) and ASM International (EU:ASM) climbed nearly 1% each. Although Nvidia’s forecast remains substantial in dollar terms and marginally above analyst estimates, it fell short of the outsized gains some investors had expected.
Corporate earnings across Europe were largely positive. Delivery Hero (TG:DHER) gained 3.8% after reporting slightly stronger-than-expected revenue growth for Q2. Pernod Ricard (EU:RI) advanced 4% following its fourth-quarter results, with Remy Cointreau (EU:RCO) rising close to 2%.
In France, the CAC 40 index added 0.7%, recouping part of a 2.8% decline earlier in the week amid political uncertainty over a potential collapse of the minority government in a confidence vote.
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