Latest / Prysmian Daily News Update
AI growth concerns weigh on Prysmian despite resilient European markets - 4 Jun 2026
As of June 4, today’s news sees market reactions to disappointing forecasts from Broadcom, impacting technology stocks and raising concerns about continued growth in the AI sector. European stocks edged higher, with Milan up 0.3%, as investors weighed fresh U.S. labour data and the Fed’s rate outlook, while disappointing AI chip sales guidance from Broadcom triggered profit-taking in tech names. In Milan, Prysmian dropped 2.3%, hit by its exposure to AI-linked data-centre infrastructure. Meanwhile, Brent crude oil saw a decline of 1.5%, reflecting a risk-off attitude among investors amid…
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