European stock markets mostly rose at the open on Thursday, with European investors seemingly unphased by earnings from chip titan Nvidia that stoked concerns about the outlook for all things artificial intelligence.
London’s FTSE 100 was flat at 8,342.05 points, while the Paris CAC 40 climbed 0.1 percent to 7587.62 and the Frankfurt DAX gained 0.2 percent to 18,813.11, reports BSS.
The Nvidia report — published after US markets closed on Wednesday — beat expectations in many areas, but it took the wind out of the sails for traders who were nervous that growth in the California-based AI chip-maker may be showing signs of normalisation.
“The actual results and the forecast beat the average market expectations by a great margin and there was nothing the company could do more to keep the enthusiasm going… but hey, they fell short of the highest estimates on Wall Street,” said Swissquote Bank analyst Ipek Ozkardeskaya.
She added that the British and European markets mostly seemed “little affected” ahead of opening by the Nvidia news.
