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