Europe’s Tech Sector Outperforms as AI Boom Bolsters Demand

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European tech earnings resoundingly beat expectations, as growing investment in artificial intelligence lifts demand and counters trade headwinds.
The MSCI Europe Technology index has delivered earnings-per-share growth of 16% for the third quarter so far, with more than 86% of the index’ market capitalization having reported. That’s well above pre-season expectations of 4.2% growth and far ahead of any other sector in the region.