European data centre exposed stocks rise on Microsoft, Meta outlook

Legrand SA

02/05/2025 09:12

** Shares in data centre-focused stocks in Europe rise, with analysts pointing to Microsoft's MSFT.O and Meta's META.O strong results and outlook

** "It's likely to be a read-through from strong Meta and Microsoft results, given both Schneider and Legrand's data center end market exposure," Morningstar analyst Matthew Donen says

** Meta META.O said on Thursday it expects to spend on new data centres to boost its AI goals

** ODDO BHF analyst Delphine Brault attributes the shares move to Microsoft MSFT.O forecasting stronger-than-expected Q4 growth for its cloud-computing business Azure

** Electrical equipment maker Schneider Electric SCHN.PA rises 4%

** Industrial groups Legrand LEGD.PA and ABB ABBN.S are up 2.4% and 2.7% respectively

** Germany's Siemens SIEGn.DE shares are up 2.1%

 (Reporting by Anna Peverieri)

 ((Anna.peverieri@thomsonreuters.com))