Ams OSRAM shares rise on AI deal and Q1 earnings beat
The Austrian semiconductor supplier reported first-quarter revenue of 796 million euros, surpassing market expectations. The company also announced a development agreement for AI data centre photonics, marking a strategic entry into high-growth optical interconnect markets.
AMS-OSRAM AG shares surged as much as 41% on Thursday after the company secured a photonics development deal for AI data centers. The stock traded 16% higher by midday, building on momentum from recent deleveraging and non-core asset sales. This contract signals a pivot toward high-growth optical markets as the firm seeks to diversify beyond its traditional sensor business.
### AI Data Center Deal Drives Growth Hopes The Austria-based semiconductor supplier signed a development agreement with a leading AI infrastructure partner to commercialize optical interconnects. These technologies target short-distance connections between server racks to improve data transfer speeds and reduce power consumption. CEO Aldo Kamper told analysts that product development is already underway to meet urgent industry demand for efficient scaling.
