The Big AI Trade in Europe Is All About Data Centers and Power

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(Bloomberg) — As the artificial intelligence frenzy drives global equities to record highs, in Europe the momentum is flowing into industries critical to powering the technology.

A basket tracking shares of 10 European firms such as data center operators and infrastructure providers has rallied 23% this year, beating a 12% advance in the Stoxx Europe 600 Index and even outperforming the Nasdaq 100, home to the US tech heavyweights. 

While that’s a far cry from the 69% boom in US power stocks, investors including BlackRock Inc., JPMorgan…



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The Big AI Trade in Europe Is All About Data Centers and Power


(Bloomberg) — As the artificial intelligence frenzy drives global equities to record highs, in Europe the momentum is flowing into industries critical to powering the technology.

A basket tracking shares of 10 European firms such as data center operators and infrastructure providers has rallied 23% this year, beating a 12% advance in the Stoxx Europe 600 Index and even outperforming the Nasdaq 100, home to the US tech heavyweights. 

While that’s a far cry from the 69% boom in US power stocks, investors including BlackRock Inc., JPMorgan…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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