Brussels, May 22 (SANA) Artificial intelligence stocks in Europe continued to record strong gains despite ongoing geopolitical tensions and market pressures linked to the repercussions of the U.S.-Israeli-Iranian war and its impact on regional economic growth.
According to CNN, economic data released on Friday showed that activity in the Eurozone contracted in May 2026 at its fastest pace in more than two and a half years, weighing on overall European market performance.
Despite the broader downturn, research reports indicated that baskets of AI-related equities have been the primary driver of gains in European markets in recent weeks, accounting for more than two-thirds of total increases over the past month and a half.
These stock groupings have delivered strong performance since April 2026, supported by semiconductor manufacturers such as ASML and Infineon, as well as AI infrastructure companies including Schneider Electric and Prysmian.
However, European technology stocks continue to trade at lower valuation levels compared with their U.S. counterparts, amid persistent geopolitical uncertainty linked to the Middle East conflict and fluctuating global growth expectations.
IZ/RK
