European tech, semi stocks jump on Fed rate cut and Nvidia's investment in Intel

** Shares of European semiconductor and tech stocks rise after the U.S. Federal Reserve lowered interest rates with signalling more cuts ahead and Nvidia's taking $5 billion stake in Intel

** STOXX Europe technology index .SX8P rises 3.9% and tracks for best day since April

** Abed Jarad from mwb-research says that the positive sentiment is mainly driven by the Fed's decision to cut rates by 25 basis points, with the dot plot suggesting two more cuts later this year

** "I see wafer stocks and semis up basically on the FED rate cut," Aleksander Peterc from Bernstein SG says, adding that Nvidia's NVDA.O investment of $5 billion in Intel INTC.O is also positive for the sentiment

** Germany's Infineon IFXGn.DE up 4%, Aixtron AIXGn.DE gains 7.8% and Siltronic WAFGn.DE jumps 13.2%

** BE Semiconductor BESI.AS is up 5.2%, while equipment manufacturers ASML ASML.AS and ASMI ASMI.AS jump 7.2% and 7.6%, respectively

** Franco-Italian chipmaker STMicroelectronics STMPA.PA and Swiss sensor maker ams OSRAM AMS.S rise around 5%

** Nordic Semiconductor NOD.OL and Soitec SOIT.PA are up 2.8% and 9.9%, respectively

** German software developer Teamviewer TMV.DE rises 3.2% and Europe's largest software maker SAP SAPG.DE is up 4.6%