European shares edged lower on Thursday as the STOXX 50 fell 0.3% and the broader STOXX 600 declined 0.4%. A Nvidia-driven technology rally helped AI-related stocks after the chipmaker’s upbeat sales outlook eased concerns about stretched valuations, but it failed to overcome broader weakness. ASML Holding rose 1%, ASM International gained 2.4%, Siemens Energy advanced 2.7%, SAP added 1.6% and STMicroelectronics surged 4%. Personal and household goods, chemicals, and food and beverage stocks fell between 1% and 1.5%. Oil prices paused their recent decline, while uncertainty over a deal to reopen the Strait of Hormuz added to caution. Pernod Ricard dropped 7% after reporting a larger-than-expected sales decline, while Delivery Hero gained 0.3% after raising its 2026 outlook. Investors are awaiting Fed Chair Kevin Warsh’s Jackson Hole speech on Friday.