Schneider Electric, Legrand rise "likely in sympathy" with Oracle's share move

Legrand SA

10/09/2025 10:24

** France's Legrand LEGD.PA and Schneider Electric SCHN.PA up just over 1.5% each after Oracle ORCL.N forecasts half-a-trillion dollars in booked cloud orders over next few months

** The stocks had risen as much as 3% in early trading, a "move likely in sympathy with Oracle's +30% yesterday," a Deutsche Bank analyst told Reuters

** Oracle surges ~30% in U.S. premarket trade; It jumped 27% after the bell on Tuesday when it announced Q1 results

** Oracle forecast Q2 total revenue growth of 12% to 14%, and a 32% to 36% growth in its cloud infrastructure business

** Deutsche Bank analyst added that there is "strong demand for AI infrastructure"

** In July, Schneider confirmed its 2025 outlook, while Legrand lifted its 2025 margin outlook on growing data centres demand to power AI models

 (Reporting by Hugo Lhomedet)

 ((hugo.lhomedet@thomsonreuters.com))