Paris (awp/afp) – The Paris Stock Exchange ended up 0.86% on Wednesday, driven by Donald Trump’s announcement of an artificial intelligence (AI) project including investments of “at least 500 billion dollars” in AI infrastructures in the United States.
The flagship CAC 40 index rose by 66.45 points and stood at 7,837.40 points at the close. The day before, the flagship Parisian index had gained 0.48%.
“The CAC 40 has gained more than 6% since the start of the year,” underlines Florian Ielpo, head of macroeconomic research for Lombard Odier IM.
“Europe is an inexpensive market which benefits overall from a favorable economic environment: American inflation is between 2% and 3%, the economic recovery is visible almost everywhere and rates are falling,” summarizes the economist.
In this context, on Wednesday, the market was carried away by “the announcement of a plan for the development of AI in the United States and by the profit prospects for companies in the technology sector”, he said. -he added.
Donald Trump announced a new AI project called “Stargate”, including investments of “at least $500 billion” in AI infrastructure in the United States.
The project brings together the “cloud” (remote computing) specialist Oracle, the Japanese investment giant SoftBank, and the generative AI start-up OpenAI.
The president and co-founder of Oracle, Larry Ellison, revealed that the project mainly focused on the construction of data hosting and processing centers, the famous “data centers”.
-Schneider Electric and Legrand take center stage
In the wake of these announcements, Schneider Electric (+2.64% to 269.80 euros) and Legrand (+2.99% to 102.70 euros), the French electrical equipment giants, were acclaimed, with the market retaining, among other things, the energy needs of the project.
The partners want to bring together, around “Stargate”, “companies in the data center infrastructure sector, from energy supply to real estate, including construction and equipment”, according to a press release.
Sharp drop in orders for Alstom
The railway manufacturer Alstom recorded a turnover of 4.7 billion euros in the third quarter of its staggered 2024/2025 financial year, up 7.9% compared to last year, the group announced on Tuesday in a press release.
Orders received, however, were down 22.2% compared to the third quarter of 2023/2024, at 4.3 billion euros, which resulted in a market sanction on the stock, which dropped 4.18% at 19.85 euros.
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