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European Shares Gain as Micron and Qualcomm Forecasts Revive AI Rally

London, 25 June 2026 – European shares rose on Thursday as strong forecasts from Micron Technology and Qualcomm revived investor confidence in the artificial intelligence trade, lifting semiconductor and technology stocks after recent concerns that the global AI rally had become overstretched.

The pan-European STOXX 600 advanced as investors returned to technology counters, with the sector leading gains across the benchmark. The rebound came after two major US chip companies delivered upbeat outlooks, easing worries that AI-linked earnings may struggle to justify elevated valuations after a sharp run-up in global semiconductor stocks.

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Author

  • Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

    Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.

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