Doha: European stocks rose on Thursday as global markets were swept by a wave of relief after Nvidia, a leading company in the artificial intelligence sector, reported strong earnings, while investors await delayed US jobs data. The European Stoxx 600 index climbed 1 percent to 567.64 points, while Germany and France's stock markets also rose by more than 1 percent each.
According to Qatar News Agency, although concerns still remain, Nvidia's results temporarily eased investors' worries, and the company's share listed on the Frankfurt Stock Exchange jumped 6.2 percent. The European technology index gained 1.8 percent, with Infineon and ASML shares rising 2.8 percent each.
Shares of AI equipment manufacturers benefiting from the tech boom also advanced, including Schneider Electric, up 2 percent, and Siemens Energy, which jumped 4 percent. Among other companies, BNP Paribas shares rose 5.7 percent.