European markets are growing, Nvidia is setting the tone

On Thursday, European stock exchanges showed moderate growth amid Nvidia reports and expectations of consumer confidence data. The DAX rose 0.4%, the CAC 40 rose 1.1%, and the FTSE 100 declined 0.1%.

Nvidia exceeded revenue forecasts and gave a positive outlook, but the results in the data center segment disappointed due to restrictions on chip shipments to China. Despite this, the company noted a steady demand for AI solutions. 

Shares of European chip manufacturers showed mixed dynamics: ASML and BE Semiconductor declined, while Infineon and ASM International rose.

In corporate news: Pernod Ricard reported a 3% drop in sales for 2025 and warned of a weak start to the new fiscal year; Delivery Hero exceeded revenue forecasts due to growth in South Korea; Sweden's Elekta increased profits by 50% due to cost cuts.

Investors are also waiting for data on consumer sentiment in the eurozone. The ECB is expected to keep its key rate at 2% in September.