European shares rise as Micron and Qualcomm forecasts lift tech and chipmakers

European stocks opened higher on Thursday, with the STOXX 600 up 0.27% and technology shares leading gains. Semiconductor stocks advanced after U.S. chipmakers Micron and Qualcomm issued upbeat AI-related revenue forecasts, sending ASML up more than 3.5%, Infineon up 5.2% and STMicroelectronics up 3.7%. Oil prices extended declines as more tankers left the Strait of Hormuz, easing worries over supply disruptions and inflation.