European stocks open higher on AI momentum, on track for fourth straight monthly gain

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European stocks opened higher today, tracking gains in global technology shares. The STOXX 600 index opened at 651.33 points, up 0.21%. France's CAC-40 opened at 8,489.44 points, up 0.04%, and Germany's DAX opened at 25,709.37 points, up 0.38%. Investors bought chip stocks after the sector surged on Wall Street, raising hopes that the sell-off in artificial intelligence-related shares may be nearing an end. Strong earnings from Amazon and Microsoft also supported a positive outlook on technology companies' AI spending. European stocks are on track for a fourth consecutive monthly gain, with investors awaiting the release of preliminary eurozone inflation data later today.

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