Schneider Electric seals $2.3 billion in US data centre deals to power AI boom

Schneider Electric said on Wednesday it had signed new deals worth almost $2.3 billion with ​two U.S. data centre operators, as surging adoption ‌of artificial intelligence boosts infrastructure demand. At an industry event in Las Vegas, the French industrial group ‌announced a $1.9 billion partnership with privately held tech firm Switch, covering power modules and cooling systems. The second agreement, valued at $373 million and involving uninterruptible power supplies and switchgear, was signed with Texas-based Digital Realty.

Nasdaq rebounds, surges more than 1% ahead of Nvidia earnings

Wall Street popped higher on Wednesday, rebounding after its longest losing streak since August. Investors are now laser-focused on AI heavyweight Nvidia (NVDA), whose earnings report arrives amid mounting fatigue in the broader AI trade. The tech focused Nasdaq Composite (COMP:IND) was the best performer as it last traded higher by 1.4%. At the sa…