Europe's industrial stocks rally on Trump's AI investment push

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MILAN/PARIS : European industrial stocks such as Schneider Electric and Prysmian surged on Wednesday as traders warmed up to prospects of their U.S.business after Donald Trump unveiled a new artificial intelligence (AI) investment push.The U.S.

A Prysmian spokesperson said the investments would have a ripple effect on the power grid, beyond the direct impact on their industrial and construction business.

Under the Stargate initiative, a joint venture between ChatGPT creator OpenAI, SoftBank, Oracle, and other equity backers, will initially deploy $100 billion.

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Category: EconomyBusiness

Markets: SingaporeFranceGermany

Topics: Centres Investment Data Stocks Companies Electric Schneider Infrastructure Cent Other Prysmian

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 20:40:25 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25342364

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Main Topics: EconomyBusiness

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