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Analysis-How US tech pain is European stock markets’ gain

Analysis-How US tech pain is European stock markets’ gain

By Danilo Masoni and Dhara Ranasinghe

MILAN, Nov 13 (Reuters) – Global tech turmoil, exacerbated by the shock exit this week of Nvidia chief executive, Jensen Huang, may be a boon for Europe’s stock markets, in a sign that the region’s lack of tech giants is shielding ‌it from the AI sector’s upheaval.

For much of the tech rally, Europe’s relative lack of mega-cap tech firms was viewed as a disadvantage, ‌but that weakness is turning into a potential tailwind.

As investors assess the fallout for the world’s most valuable chipmaker and the broader industry, European equities have outperformed.

The pan-European STOXX 600 hit a record ​high on Thursday and is set for its biggest weekly…

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