European industrial stocks such as Schneider Electric and Prysmian surged on Wednesday as traders warmed up to prospects of their U.S. business after Donald Trump unveiled a new artificial intelligence (AI) investment push. The U.S. President announced on Tuesday a private-sector investment of up to $500 billion to fund AI infrastructure, sparking a wave of buying in stocks that help build and connect the architecture behind this new technology. French group Schneider Electric, a major supplier of electrical equipment and other infrastructure behind data centres, soared 3.4% to a new historic high in Paris.