Prysmian hits record high as Nvidia expands AI infrastructure push - 8 May 2026

Prysmian Daily News Update · May 8, 2026 · 2m

As of May 8, today's news sees Prysmian's significant market developments and strategic positioning amidst rising demand for fiber optics. Prysmian has reached a new 52-week high at 152 euros per share, up 5.85%, also following a strategic upgrade by Deutsche Bank, which has enhanced its rating from "hold" to "buy," raising the price target significantly by 67% to €167 euros, driven by increased demand for optical fiber crucial for server and data centers. According to Deutsche Bank, Prysmian is identified as ideally positioned within the ongoing AI arms race, given its role in supplying the…