European Stocks

• European AI stocks are experiencing a rally, showing resilience despite broader market pressure caused by the ongoing conflict involving Iran. • A specific basket of stocks linked to AI infrastructure development has seen a significant increase of approximately 22%. • This trend highlights a decoupling of high-growth technology sectors from geopolitical instability affecting the wider European markets.

• European stocks experienced volatility on Thursday, eventually reversing initial losses to finish the trading session higher. • The market shift followed an order from Iran's Supreme Leader to keep near-weapons-grade uranium within the country. • Simultaneously, flash PMI data for May indicated a slump in economic activity across both France and the United Kingdom.

• Several European stocks have experienced a blockbuster rally, with some gaining over 100% this year driven by the global AI investment frenzy. • Companies like Nokia are positioned to support AI infrastructure, though they face a more restrictive regulatory environment than their U.S. counterparts. • The expansion of AI in Europe is currently hindered by power grid constraints, data center moratoriums, and strict compliance requirements under the EU AI Act.