European shares traded largely sideways on Thursday, with the STOXX 50 rising 0.1% and the broader STOXX 600 falling 0.2%. AI-related stocks rallied after Nvidia’s upbeat sales forecast reduced concerns about stretched sector valuations. ASML Holding gained 1.5%, ASM International rose 2.7%, Siemens Energy climbed 2.3% and SAP added 1%. STMicroelectronics was among the strongest performers, surging 3.5%. Energy majors declined as oil prices continued to fall, while mining stocks also slipped. Pernod Ricard dropped 1.5% after reporting a larger-than-expected sales decline, while Delivery Hero edged 0.4% higher after raising its 2026 outlook. Investors are also focused on the Jackson Hole meeting, which begins Thursday, with Fed Chair Kevin Warsh scheduled to speak Friday.