European AI diversification drives 150% gains in power stocks as tech weighting lags at 9%
As US big tech wobbles, European investors seeking AI exposure are rotating into power suppliers and banks, capitalizing on massive EU and German fiscal packages. Prysmian surged 150% and ABB 84% on infrastructure demand, while the Stoxx 600’s minuscule 9% tech weighting forces creative ‘pick and shovel’ trades.
Source: The Business Times · Bloomberg