Europe stocks open higher; tech makes cautious rebound after global rout fueled by China AI concerns

European stocks opened higher Tuesday, in the wake of a global sell-off fueled by concerns over a potential artificial intelligence breakthrough in China that could pose a massive challenge to Western AI firms.

The regional Stoxx 600 index was up 0.28% at 8:10 a.m. in London, with technology stocks 0.5% higher. Media stocks led gains, up 1%.

Biopharmaceutical firm Sartorius was the top performer on the index, gaining nearly 16% after the company said in a preliminary full-year release that it had met profitability targets and had a “cautiously positive” outlook for 2025.

Earnings are out from SAP, Foxtons Group and Logitech on Tuesday, with luxury giant LVMH reporting after the market close, while data releases include the latest French consumer confidence figures and Spain’s unemployment rate.

Regional markets traded in negative territory on Monday as investors in the region reacted to a potential AI breakthrough out of China, with the success of Chinese artificial intelligence startup DeepSeek sparking concerns over incumbent U.S. giants’ global leadership in AI.