European stocks up supported by chip maker shares

European stocks rose in early trading today, Tuesday, and technology stocks topped the gainers, with the rise of chip makers, supported by the rise of their counterparts on the Wall Street Stock Exchange on Monday night, amid anticipation of the announcement of the results of NVIDIA.

According to Reuters, the European Stoxx 600 index rose 0.6% by 0711 GMT, tracking the impact of the technology-dominated Nasdaq index, which rose 1%.

The technology sector index rose 1.3% as stocks related to the chip industry rose amid optimism about the quarterly results of Nvidia, the world’s most valuable chip maker, to be announced on Wednesday.

Shares of ASML Holdings, ASM International and BE Semiconductor, all of which are listed on the Amsterdam Stock Exchange, recorded gains between 1.4% and 2%.

Ubisoft Entertainment jumped 6.3% after Microsoft (NASDAQ:MSFT) announced that Activision, which Microsoft is seeking to acquire, will sell non-European broadcast rights to French video game company Ubisoft.

The index of European mining companies increased 1.1%, supported by the rise in metal prices.