Prysmian is racing with a new AI fever in the US.

(Il Sole 24 Ore Radiocor) - Prysmian shares are up sharply on the Milan Stock Exchange, amid the prospect of increased US investment in Artificial Intelligence. The stock has enjoyed one of the best performances on the Milan Stock Exchange, rising approximately two percentage points to €62 on the morning of July 15.

Artificial Intelligence requires large amounts of electricity, and therefore an increase in its production could trigger infrastructure demands. This is a sector in which Prysmian itself operates, which also has overseas exposure. According to rumors reported by Bloomberg today (July 15), 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 United States a step further in securing its leadership in AI.

Furthermore, the entire technology sector, especially the chip sector, is well positioned today, starting with STMicroelectronics on the Milan Stock Exchange, ASML in Amsterdam, and Infineon Technologies in Frankfurt. The announcement that the American group Nvidia, which is at an all-time high on Wall Street, is resuming sales of an advanced AI chip in China, has reawakened appetite for the sector. The news was released on the eve of its CEO, Jensen Huang,'s visit to Beijing. "Nvidia has submitted an application to resume sales of the Nvidia H20 GPU. The US government has assured Nvidia that the licenses will be granted, and Nvidia expects to begin deliveries shortly," the company stated.