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European Chip Stocks Rise as AI Rally Gains Strength

Shares of European semiconductor companies are trading higher amid growing interest in stocks linked to artificial intelligence. This trend follows positive quarterly results from memory chip maker Micron Technology, which also projected sustained strong demand for years.

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European semiconductor shares are trading higher as demand for artificial-intelligence-linked stocks continues to build. Earlier in the week, memory chip maker Micron Technology reported strong quarterly results and said demand was likely to remain strong for years to come. In Europe, shares of…