European stock markets are rising, with technology stocks performing well.

European stock markets rose on Thursday, with the technology sector performing well as confidence in the AI theme recovered. Bayer's stock price soared after a favorable court ruling for its herbicide. The Stoxx Europe 600 index rose 0.8% on Thursday, setting a new record high at the close. After Micron Technology released better-than-expected financial results, concerns about the high valuation of the AI sector eased, leading to increases in stocks related to semiconductors such as Infineon and ASML. Bayer's stock price surged by 20% at one point, following a ruling by the U.S. Supreme Court that the company is not liable for tens of thousands of lawsuits regarding whether its Roundup herbicide should be labeled as a carcinogenic risk. This ruling is expected to help end a decade-long wave of litigation that has cost the company over $10 billion.