Savvy investors are turning to Europe's smaller tech market to invest in growth stocks, according to a Reuters report, sending the sector rising 12% in the first quarter, more than double the wider market's nearly 5% rise. 

The U.S. tech sector has a market value of $4.3 trillion while Europe's tech sector is valued at less than an eighth of that. 

The European tech sector includes such names as STMicroelectronics  (STM) - Get Report , Infineon Technologies (IFNNY) and SAP  (SAP) - Get Report .

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