Tech Stocks Surge on Trump's AI Infrastructure Pledge

European stock markets rebounded on Wednesday after two days of stagnant trading, driven by gains in technology and semiconductor equipment shares.

The rally followed President Trump's endorsement of voluntary artificial intelligence safety frameworks, as well as his confirmation that he will expedite data center construction.

This alleviated concerns among investors that corporations might scale back expenditures following recent AI model training suspensions at OpenAI.

Hardware manufacturers and energy providers benefited the most from these developments, with ASML shares advancing 0.8% and Novartis climbing 1.1%.