Nvidia rallies, lifting tech 'galaxy' out of DeepSeek gloom

LONDON/MILAN (Reuters) -Nvidia stock rose in Europe on Wednesday, suggesting shares in the company at the heart of the artificial intelligence markets boom may recover further after a steep drop this week triggered by the rise of China’s DeepSeek AI tool. European technology stocks also got a lift, fuelled in part by an 11% surge in shares of ASML after the Dutch-listed company, which makes tools to manufacture computing chips, including those used in AI applications, reported a surprisingly large rise in new bookings. Nvidia’s Frankfurt-listed shares rose 2%, having closed up 8.9% on Wall Street on Tuesday.