Schneider Electric Raises Sales And Profit Guidance Amid Data-Center Demand Surge
Guidance·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Schneider Electric SE raised its sales and profit guidance after an artificial intelligence-driven spending spree drove unprecedented demand for its data-center equipment.
The company is responding to the booming data-center market, which has seen increased investment due to advancements in artificial intelligence.
Schneider Electric
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Schneider Electric SE raised its sales and profit guidance after an artificial intelligence-driven spending spree drove unprecedented demand for its data-center equipment.”
Bloomberg — Schneider Electric Lifts Guidance on Booming Data-Center Market