European AI-linked stocks including Nokia and Aixtron have surged over 100% year-to-date amid a continent-wide push for technological sovereignty and independence from US AI chipmakers. The rally reflects investor appetite for European GPU, foundry, and semiconductor supply-chain alternatives.
For enterprise CIOs, the momentum signals growing availability of EU-based inference and training infrastructure, reducing dependency on US export controls and creating competitive pressure on NVIDIA's European pricing and availability.