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European Markets Rise as Concerns Over Chip Stock Valuations Recede
European stocks rose today, supported by a rebound in technology and chip stocks, with the Stoxx 600 index increasing by 0.4% to 638.66 points, and the technology sector rising by 1.6%. The gains were led by electronic chip companies, while investor sentiment improved after a limited report on Chinese AI companies allowed access to Nvidia chips. Nonetheless, the technology sector remains the worst performer since the beginning of the month, amid ongoing concerns over tensions in the Middle East and some economic challenges.
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