European AI Stocks Drive Over Two-Thirds of Market Gains as Eurozone Activity Contracts
Updated
Updated · Syrian Arab News Agency · May 22
European AI Stocks Drive Over Two-Thirds of Market Gains as Eurozone Activity Contracts
8 articles · Updated · Syrian Arab News Agency · May 22
AI-linked equity baskets generated more than two-thirds of European market gains over the past six weeks, extending a rally even as broader sentiment weakened.
May eurozone activity shrank at its fastest pace in more than 2 1/2 years, with fallout from the U.S.-Israeli-Iranian war and slower regional growth weighing on markets.
Since April, semiconductor names such as ASML and Infineon and AI infrastructure groups including Schneider Electric and Prysmian have led the advance.
European tech still trades at lower valuations than U.S. peers, reflecting persistent Middle East geopolitical risk and shifting global growth expectations.
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