Prysmian runs with new artificial intelligence fever in the US

(Il Sole 24 Ore Radiocor) -Prysmian up well at Piazza Affari, on the prospect of increased US investment in artificial intelligence. The stock boasts one of the best performances in the Italian stock market, rising (in the morning of 15 July) by about two percentage points to EUR 62.

Artificial Intelligence requires large amounts of electricity and therefore an increase in its production could trigger demands for infrastructure. A sector in which Prysmian itself operates, and which is also exposed overseas. According to rumours reported by Bloomberg today (15 July), US President Donald Trump is expected to announce a $70 billion investment in Artificial Intelligence and Energy. The move, which is expected to be unveiled in Pennsylvania, aims to take the US a new step forward in securing the country's leadership in AI.

However, the entire technology sector and in particular the chip sector is well set today, starting with Stmicroelectronics at Piazza Affari, Asml in Amsterdam andInfineon Technologies in Frankfurt. Awakening the appetite for the sector was the announcement that the US group Nvidia, which is trading at an all-time high on Wall Street, is resuming sales in China of an advanced Artificial Intelligence chip. 'Nvidia has applied to resume sales of the Nvidia H20 GPU. The US government has assured Nvidia that licences will be granted and Nvidia expects to begin deliveries shortly,' the company indicated.