Technology got top billing on Wednesday, in otherwise flat European share markets.
The sector: up 0.6 per cent.
It makes a change: chipmakers especially have been badly rattled .....
Since Broadcom and others warned last month of a sharp slowdown in demand.
But Dutch semiconductor equipment maker ASML reported better-than-expected results - it sees solid growth ahead as telcos roll out 5G.
Anglo-German chip designer Dialog Semiconductor raised its outlook ...
And telco equipment maker Ericsson - also betting on 5G demand - said it's on track to hit targets.
For bulls, it adds to prospects for corporate Europe to beat the US this results season.
The 0.8 per cent earnings growth forecast would also top Q1's minus 2 per cent.
The US focus, too, is on techs: Netflix the first of the so-called FANG stocks due to report earnings after the Wall Street bell on Wednesday.
Facebook, Amazon and Google's share prices have jumped over 5 per cent in July.
But the video streamer's modest 0.2 per cent rise reflects worries, say analysts, that strong competition could be taking the edge off its bite.