{"id":124449,"date":"2025-11-06T06:03:08","date_gmt":"2025-11-06T06:03:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/124449\/"},"modified":"2025-11-06T06:03:08","modified_gmt":"2025-11-06T06:03:08","slug":"ai-bubble-has-sucked-in-legrand-schneider-siemens-and-abb","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/124449\/","title":{"rendered":"AI Bubble Has Sucked in Legrand, Schneider, Siemens and ABB"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">If artificial intelligence is indeed a bubble, it\u2019s been inflating a lot of companies in places well beyond the tech-bro heartlands of the US. Europe might be an AI laggard, but some of its grand old industrial names have been riding the boom as merrily as an Nvidia Corp. shareholder (at least before this week\u2019s so far minor market correction.)<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The AI race for virtual godhood has been running into human-scale bottlenecks such as land, labor and electricity. And Europe\u2019s unsexy industrial champions including France\u2019s Legrand SA and Schneider Electric SE (both founded in the 1800s) have been eagerly offering the picks and shovels for the data-center gold rush. Think server racks, heat-dissipating coolers, power-management tools and all the other stuff that\u2019s essential to a spending splurge that might add up to $7 trillion by 2030. Along with Germany\u2019s Siemens AG and Switzerland\u2019s ABB Ltd., Europe has its own \u201cData Center Four\u201d that\u2019s being pump primed by the Magnificent Seven.<\/p>\n","protected":false},"excerpt":{"rendered":"If artificial intelligence is indeed a bubble, it\u2019s been inflating a lot of companies in places well beyond&hellip;\n","protected":false},"author":2,"featured_media":124450,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[73638,220,218,219,222,1813,1814,61,60,73636,1673,73637,26158,80,195,11510],"class_list":{"0":"post-124449","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-abb-ltd-reg","9":"tag-ai","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-earnings","13":"tag-europe","14":"tag-france","15":"tag-ie","16":"tag-ireland","17":"tag-legrand-sa","18":"tag-nvidia-corp","19":"tag-schneider-electric-se","20":"tag-siemens-energy-ag","21":"tag-technology","22":"tag-venture-capital","23":"tag-view"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/124449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=124449"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/124449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/124450"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=124449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=124449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=124449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}