Some of Europe's most popular AI-linked stocks fell for a second day on Tuesday, after an analyst note late last week that flagged a possible slowdown by Microsoft on data centre leasing knocked sentiment ahead of make-or-break results from Nvidia .

Chinese tech giants Tencent, Alibaba, and ByteDance have significantly increased orders for Nvidia's H20 AI chips, as the rise of DeepSeek's low-cost AI models drives a surge in demand for AI computing power.

Even as Chinese chipmakers like Huawei continue to develop their own AI processors, NVIDIA’s H20 remains the industry standard. Analysts estimate that over 1 million H20 chips were shipped in 2024, ge