European stocks hit new record for first time in two years as Nvidia sparks semiconductor rally

European stocks were on course for a new record high for the first time in more than two years as the semiconductor sector got a fresh leg up from Nvidia’s sparkling results. The STOXX Europe 600 index XX:SXXP,which represents a continent-wide list of the bigger stocks, at one point in morning trade Thursday was up 1% to 495.81, in line to surpass the previous record close of 494.35 hit on January 5, 2022.News overnight that U.S. AI-chipmaker Nvidia NVDA, -2.85%had blown past lofty earning