By Tasmin Lockwood
Publication Date: 2025-11-20 07:12:00
LONDON — European markets were higher on Thursday as investors react to strong earnings by artificial intelligence darling Nvidia.
The pan-European Stoxx 600 was up 0.9% by 10:40 a.m. in London (5:40 a.m. ET), with most bourses and sectors in positive territory.
AI-related stocks are amongst those making gains, with Dutch semiconductor firms BESI and ASMI up 1.6% and 1.7%, respectively. Fellow Dutch firm ASML, which makes critical equipment for semiconductors, moved 1.9% higher.
A graph of the pan-European Stoxx 600 Index
Nvidia posted third-quarter results after the bell on Wednesday, topping forecasts for revenue and its fourth-quarter sales guidance. The chipmaker saw revenue jump 62% to $57.01 billion year-on-year and said it expects revenue of $65 billion in the fourth quarter.
“There’s been a lot of talk about an AI bubble,” Nvidia CEO Jensen Huang told investors on an earnings call. “From our vantage point, we see something very different.”
In Asia, chip stocks rallied in early trading Thursday, with Samsung Electronics and Hon Hai Precision Industry, also known as Foxconn, climbing the region’s indexes.
Stock futures Stateside were also higher Wednesday night, as Nvidia’s results gave a boost to the broader market.
Ben Barringer, global head of technology research and investment strategist at Quilter Cheviot, told CNBC’s “Europe Early Edition” that Nvidia had brought relief in two-parts: it beat gross margins, which is important for…