European Markets Hit Record Highs as AI Boom Triggers Quarterly Rally

Technology stocks led the charge, climbing 2.5% as investors chased exposure to the AI supply chain. Major players including ASML, STMicroelectronics, and Infineon posted significant gains, underscoring the shift in capital toward firms building the backbone of future computing. Siemens Energy joined the rally, jumping 5.6% after executives confirmed that demand trends remain exceptionally strong.

Beyond the tech sector, the broader market benefited from a stabilization in oil prices as regional volatility showed signs of easing. This shift provided a clear runway for travel and leisure stocks to recover, rounding out a period where European equities successfully vied for position against their U.S. and Asian counterparts.