European stocks rise with the rise of shares of chip makers

European stocks rose in early trading on Tuesday, with technology stocks leading the gainers, with the rise of chip makers, supported by the rise of their counterparts on the Wall Street Stock Exchange on Monday night, amid anticipation of the announcement of the results of NVIDIA.

The pan-European STOXX 600 was up 0.6% by 0711 GMT, tracking the tech-heavy Nasdaq, which rose 1%.

The technology sector index rose 1.3% as chip-related stocks rose amid optimism about the quarterly results of NVIDIA, the world’s most valuable chipmaker, due to be announced on Wednesday.

Shares of ASML Holdings, ASM International and BE Semiconductor, all listed on the Amsterdam Stock Exchange, gained between 1.4% and 2%.

Ubisoft Entertainment jumped 6.3 percent after Microsoft announced that Activision, which Microsoft is seeking to acquire, will sell non-European broadcast rights to French video game company Ubisoft.

The index of European mining companies rose 1.1 percent, supported by higher metal prices.