The rise in the shares of chip manufacturers enhances the performance of European stock exchanges - Sadahadhramowt | News

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الخميس، 23 فبراير 2023

The rise in the shares of chip manufacturers enhances the performance of European stock exchanges

Berlin-agencies : 

European shares opened higher on Thursday, as chipmaker shares rose after expectations of an increase in sales of US semiconductor company Nvidia.


Shares of ER companies rose.S. s.M International and B.E-semiconductor and Extron gained between 1.6 and 3.2 percent, boosting the European technology sector 0.9 percent.


Nvidia forecast first-quarter revenue above Wall Street estimates on Wednesday, citing strong demand for the use of its chips in artificial intelligence services.


The European STOXX 600 index rose 0.1 percent by 0806 GMT, after falling for two consecutive sessions due to fears that central banks will raise interest rates for a longer period.


The minutes of the latest meeting of the Federal Reserve (US central bank) released on Wednesday showed that almost all policymakers support the decision to slow the pace of raising interest rates, noting that inflation will determine the required additional increases in interest rates.

     


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