Jan 22, 2025
Global industrial, tech stocks rally on Trump's AI investment push
MILAN/PARIS (Reuters) -Global industrial and technology stocks including Oracle and Schneider Electric rallied on Wednesday after U.S. President Donald Trump unveiled a massive artificial intelligence investment push. Trump on Tuesday announced a private-sector investment of up to $500 billion to fund AI infrastructure, sparking interest in stocks that help build the architecture behind the technology. French group Schneider Electric, a major supplier of electrical equipment and other infrastructure behind data centers, soared 3.4% to a new high in Paris.