European stocks closed higher on Tuesday, rebounding from the losses in the previous session as markets continued to assess the outlook on GPU and AI infrastructure demand following yesterday's tech selloff. The Eurozone's STOXX 50 added 0.3% to close at 5,203 and the STOXX 600 closed 0.5% higher at a record high of 532. Selected tech stocks remained in the spotlight after claims from Chinese-developed LLM DeepSeek that it attains comparable results to US counterparts with a fraction of computing power triggered a selloff for companies with exposure to speculation of higher AI infrastructure demand. ASML declined 0.8% following yesterday's near 8% plunge, while Infineon dropped 0.9% and Schneider plunged 7.5% to mark a cumulative 16% plunge this week. In turn, SAP gained 0.5% after reporting results, and BBVA jumped 2% to set the pace for a strong session in financial stocks.(Cay) Newsmaker23
Source: Trading economi
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