AI Boom Triggers Rally in Cloud, Chip, and Cable Stocks
Growing demand for artificial intelligence sparked gains across three corners of the technology sector on Thursday, May 8, highlighting how investment tied to AI is expanding beyond graphics processors and into the wider digital infrastructure ecosystem. One of the clearest signals came from investment firm Deutsche Bank, which raised its rating on cable manufacturer Prysmian from “Hold” to “Buy,” while introducing a new target price of €167 ($196.87). Industry analysts say that the company is strategically positioned within several critical pressure points supporting AI growth. These include electricity grid systems, optical fiber networks that enable communication between servers, and medium-voltage connections feeding data centers. A major factor behind…