Prysmian shines. AI, energy, Nvidia fuel rally - Jul 15, 2025

As of July 15, Prysmian experienced a notable increase in its stock price, rising by 1.9% to 62 euros, spurred by anticipated American investments in artificial intelligence and energy initiatives. UBS has adjusted its target price for Prysmian to 72 euros from 70 euros, maintaining a "buy" rating and projecting solid results for the second quarter with an expected organic growth of approximately 6.8%. Analysts highlight that Prysmian currently operates at an 18% discount compared to sector peers, underscoring its potential for growth as investments in energy-intensive technologies are expected to rise. The alignment with expected infrastructure demands further strengthens Prysmian's market position, especially as the U.S. is anticipated to announce a significant investment plan of 70 billion dollars focused on AI and energy, as confirmed by multiple sources. Elsewhere, E.ON announced a substantial 6 billion euros procurement initiative aimed at modernizing Germany's power grid, an undertaking that includes long-term contracts with suppliers, including Prysmian. This initiative is crucial for integrating renewable energy sources to support the expansion of wind and solar power, as well as electric vehicles. In related industry updates, Nvidia revealed plans to resume sales of its H20 AI chip to China following the U.S. government's assured approval for export licenses, signaling a shift in trade relations and impacting the competitive landscape significantly. This development has led to a rush among Chinese firms to secure Nvidia chips, further driving investment in related technologies. Companies like AMD are also poised to benefit as they resume chip exports under similar government approvals. Looking to the broader energy landscape, the UK government has introduced reforms to its clean energy scheme to expedite renewable project implementation, aiming for significant offshore wind capacity increases by 2030. Meanwhile, Google's commitment to secure extensive hydropower agreements reveals the urgent need for clean energy solutions as tech giants expand their data center capabilities for AI and cloud computing. Furthermore, Nexans announced a partnership with Skills Compétences Canada to sponsor the WorldSkills Team Canada for 2026, demonstrating the company's engagement in anticipating future energy sectors.