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BUZZ- Schneider Electric hits all-time high on Trump's plan to invest in AI

ReutersJan 22, 2025 9:52 AM

** Shares in Schneider Electric SCHN.PA rise almost 3% and hit an all-time high after U.S. President Donald Trump announced a private-sector $500 billion investment in AI infrastructure

** Both LBBW's analyst Volker Stoll and Berenberg's Philip Buller attribute the share move of the French industrials giant to Trump's announcement

** Buller also said that the whole sector was benefiting, in particular Siemens Energy ENR1n.DE and ABB ABBN.S which provide electric hardware for AI infrastructure

** Schneider's shares rise to the top of France's blue-chip CAC 40 Index .FCHI, hitting a record high of 270.45 euros earlier in the session

** Siemens Energy shares jump 8.1% and are on track for best day since mid-November if gains hold; Switzerland's ABB is up 2%

($1 = 0.9588 euros)

(Reporting by Michal Aleksandrowicz)

((michal.aleksandrowicz@tr.com))

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