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European stocks recorded monthly gains despite declining in a single trading session, as strong corporate earnings supported the market and pushed it to overcome geopolitical challenges and concerns over the valuation of the AI sector. The "Stoxx 600" index fell by approximately 0.1% to reach 649.19 points after hitting a record level before pulling back. Meanwhile, worries grew over the substantial spending on AI infrastructure and the slow realization of expected returns, leading to sharp fluctuations in sector valuations.
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