European shares opened higher on Tuesday, with technology stocks leading gains as chipmakers caught up to an overnight Wall Street rally ahead of Nvidia's earnings, while shares of Ubisoft gained.
By 0711 GMT, the pan-European STOXX 600 (.STOXX) added 0.6%, tracking a 1% gain in the tech-heavy Nasdaq (.IXIC).
The technology sector (.SX8P) added 1.3% as chip stocks rallied on optimism surrounding the world's most valuable chipmaker Nvidia (NVDA.O) ahead of its quarterly results on Wednesday.
Shares of Amsterdam-listed chipmakers ASML Holding N.V. (ASML.AS), ASM International N.V (ASMI.AS) and BE Semiconductor Industries N.V. (BESI.AS) gained between 1.4% and 2.0%.
Ubisoft Entertainment (UBIP.PA) advanced 6.3% after Microsoft (MSFT.O) said that its acquisition target Activision (ATVI.O) would sell its non-European streaming rights to the French video game producer.
European miners (.SXPP) added 1.1%, tracking higher metal prices.
Prysmian (PRY.MI) rose 3.9% after the Italian cable maker was selected as 'preferred bidder' for 3 projects in Germany worth EUR 4.5 billion.
