European shares flat as Nvidia's 70% revenue forecast boosts tech stocks

European shares were little changed on Aug. 27 as Nvidia's forecast of a 70% increase in revenue next fiscal year lifted technology stocks, reinforcing expectations of sustained demand for AI computing. The pan-European STOXX 600 fell 0.07% to 655.95 points at 0709 GMT. Technology stocks gained 1.5%, led by AT&S, Technoprobe and Computacenter, which rose between 4.3% and 4.9%. Personal and household goods, chemicals and auto stocks declined between 0.7% and 0.9%, limiting the broader market's gains. Oil prices fell more than $1 as investors expected a visit by Qatar's prime minister to Tehran to help restart diplomacy and potentially reopen the Strait of Hormuz, reducing supply disruptions linked to the war in the Middle East.

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