Europe’s AI Standout Siemens Energy Nears €100 Billion Value

Only seven days after a drubbing caused by broad market concerns of an artificial-intelligence bubble, Europe’s biggest winner from the theme is back near record levels.

Boosted by a wave of analyst optimism and a wider equities rally, Siemens Energy AG shares are up by 13% this week and hovering near an all-time high, fully recouping last Friday’s 10% slump. That’s pushed the company’s market value to within touching distance of €100 billion ($116 billion).