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AI fervor spreads to Europe, boosting STMicro and Nokia
STMicro and Nokia shares rise as investor demand for AI infrastructure picks up in Europe, drawing analysts who see the stocks as pick-and-shovel plays on the broader AI boom.
Financial Times: Analysts say AI fervor in the US and Asia has spread to Europe, boosting stocks like STMicro and Nokia as investors seek the AI boom's pick-and-shovel stocks — Investors hunt for winners in market that for years has lagged behind Wall Street's rally. A small number of European AI stocks …
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