On May 13, the Financial Times reported that, despite frequent criticism of Europe’s perceived shortage of tech giants, a select group of European AI-related stocks have surged, delivering substantial returns since the start of the year. Investors are keenly seeking ways to tap into the global surge in AI investment. Within the Euro Stoxx 600 index, the top performers include chipmaker STMicroelectronics, whose share price has doubled; semiconductor equipment makers Aixtron and BE Semiconductor Industries, which have seen gains of 168% and 87%, respectively; and Nokia, whose stock has climbed nearly 100%, primarily due to its role in linking cloud services with data center hardware. Emmanuel Cau, Head of European Equity Strategy at Barclays, noted that European investors are eager to capitalize on the AI sector’s current “gold rush.” He emphasized that the European market remains relatively niche, with only a handful of companies emerging as clear winners in the AI space, making these firms particularly noteworthy.