Nvidia delivered a surprisingly strong revenue forecast and its outlook signals that demand remains robust for Nvidia’s artificial intelligence accelerators, the pricey and powerful chips used to develop AI models. Nvidia had faced growing fears in recent weeks that the runaway spending on such equipment wasn’t sustainable. European chip stocks gained on the news. Elsewhere in Europe, French lender BNP Paribas announced a €1.15 billion share buyback program and boosted their capital goal.

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