Prysmian hits record high, JP Morgan boosts target - Sep 18, 2025

As of September 18, today’s news highlights strong financial developments for Prysmian, alongside market movements and geopolitical shifts. Prysmian's stock closed at an all-time high of 81.28 euros, reflecting a gain of 2.5%, and the company achieved a market capitalization of 24.09 billion euros. The result could be partly due to JPMorgan, which raised its December 2026 price target on Prysmian to 87 euros from 86 euros, while maintaining its Overweight rating. Based on YOFC’s book value at the end of 2024, analysts expect Prysmian to book a capital gain of around 330 million euros, with 301 million euros to be recognized in the third quarter. They now forecast the company to close the year with a net financial position of 3.1 billion euros. Meanwhile, Microsoft said it plans to build a second massive artificial intelligence data center in Wisconsin, bringing its spending in the state to more than 7 billion dollars. The new project will join a 3.3 billion dollars data center in Mount Pleasant in the southeastern corner of the state, announced last year. Turning to market updates, copper prices dipped following a recent interest rate cut by the U.S. Federal Reserve as traders took profits. The three-month copper price on the London Metal Exchange was down to 9,960.50 dollars per tonne. The Fed signaled further cuts in the coming months, although Chairman Jerome Powell cautioned against larger cuts, which contributed to a slight firming of the U.S. dollar index. On the international front, a potential merger between Anglo American and Teck is sparking discussions about the sharing of infrastructure at two major copper mines in Chile, contingent on Glencore's approval. Analysts predict that combining these operations could significantly enhance their market positioning amid anticipated demand increases. China made headlines by concluding an antitrust investigation into Google, redirecting regulatory scrutiny towards Nvidia as trade discussions with the U.S. intensify. This decision may signal a more flexible approach in U.S.-China relations and a strategic shift in leverage during negotiations. Meanwhile, Donald Trump began a significant state visit to the UK, emphasizing global investment discussions, particularly a new 150 billion pound investment package from the U.S. into Britain, which aims to strengthen bilateral ties. Amid these developments, Huawei unveiled its long-term plans to bolster its semiconductor capabilities, potentially challenging Nvidia's dominance in AI chips, amidst rising tensions in U.S.-China technology competition.