Europe's STOXX 600 hits all-time high on technology boost

France's benchmark index added 1.1% to hit a record high while the German DAX advanced 1.5%. The technology sector drove gains on the pan-European index as investors cheered Nvidia's blowout results and forecast. Frankfurt-listed shares of Nvidia, the bellwether of the artificial intelligence industry, jumped 11.5%.

Europe's STOXX 600 index advanced on Thursday to scale an all-time high, boosted by technology stocks after an unexpectedly upbeat revenue forecast from U.S. chipmaker Nvidia.

The STOXX 600 was up 0.8% at 495.81 points, as of 0819 GMT. France's benchmark index added 1.1% to hit a record high while the German DAX advanced 1.5%.

The technology sector drove gains on the pan-European index as investors cheered Nvidia's blowout results and forecast. Frankfurt-listed shares of Nvidia, the bellwether of the artificial intelligence industry, jumped 11.5%. Among other movers, shares of Nestle dropped 4.7% after the world's biggest packaged food company reported full-year organic sales growth slightly below expectations, as they continued to hike prices, prompting some shoppers to turn to competing brands.

Delivery Hero lost 6.4% after the food delivery firm said talks for the potential sale of its foodpanda business in selected markets in Southeast Asia have been terminated.