Prysmian eyes subsea telecoms in the AI era - Feb 9, 2026

As of February 9, today’s news sees Prysmian's strategic developments and market assessments, alongside broader market dynamics impacting technology and critical minerals. Prysmian is now aiming to strengthen its position in submarine telecommunications, the second pillar of its Transmission business. As reported by Corriere della Sera today, leveraging its well-established expertise, the group plans to capitalize on growth driven by data centers and artificial intelligence to become a global player in subsea telecoms as well. Meanwhile, Deutsche Bank moved its recommendation from “Buy” to “Hold” and raised its target price on Prysmian to 100 euros from 97 euros. Banca Akros has confirmed its “Accumulate” rating on Prysmian, maintaining a target price of 93 euros. On the broader market front, the U.S. is intensifying its efforts to secure critical minerals in Africa, utilizing offtake deals to compete with China in securing copper and cobalt supplies, especially from the Democratic Republic of Congo. This shift highlights the global prioritization of resource acquisition for future technologies, including electric vehicles and renewable energy systems. In technology markets, concerns are mounting as stocks related to artificial intelligence have experienced volatility, raising questions about the sustainability of the AI market's growth amid underlying market corrections that have affected software stocks globally. Finally, U.S. Secretary of State Marco Rubio will lead a sizeable U.S. delegation to the Munich Security Conference starting on Friday, underscoring the importance of transatlantic relations despite a "crisis of trust", the head of the forum said.