Four stocks in the Stoxx Europe 600 index tend to rise alongside Nvidia shares, according to an analysis of share price data by CNBC Pro .
The European stocks are also semiconductor focused companies: ASML, VAT Group, ASM International , and BE Semiconductor Industries .
The share price performances of these technology stocks were highly correlated to Nvidia's over the past year.
However, unlike the AI chip giant's 210% share price increase over the past 12 months, these stocks rose relatively moderately between 40% and 85%.
A correlation of zero would indicate no statistical link between the chip maker's stock and the share price of the four companies.
Organizations:
Nvidia, CNBC Pro, ASM International, BE Semiconductor Industries, Group, BE Semiconductors, CNBC
Locations:
Europe, U.S, Germany, lockstep, Netherlands, Swiss