Hunt for AI Optical Winners Drives Rally in Two Swiss Stocks

European investors chasing AI winners have turned to Switzerland, sending shares of two optical component makers sharply higher this week.

AMS-Osram AG, whose micro LED technology is increasingly explored by cloud providers to streamline artificial intelligence computing workloads, is set for its best week in over a year. The chipmaker’s shares soared almost 30% on Thursday after its earnings and forecast beat expectations.