Goldman Sachs
May 21, 2026
On the Road with Goldman Sachs - European Edition
Market ReportEquitiesMacro Economic IndicatorsUtilitiesInformation Technology
This Goldman Sachs report summarizes key findings from recent analyst engagements with European utility companies and semiconductor manufacturer Infineon, focusing on AI-driven infrastructure needs.
Key Takeaways
- 1.AI is driving a significant surge in power demand, necessitating massive investment in electricity infrastructure.
- 2.The European Utilities Conference highlighted an electricity infrastructure deficit and emerging industrial opportunities within the sector.
- 3.Infineon is positioned as a primary beneficiary of AI growth in Europe following recent leadership meetings and site visits.
Table of Contents
- Speakers & Topics
- Utilities and Clean Energy Conference
- Infineon
- Related Research
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Pricing information
- Company-specific regulatory disclosures
- Distribution of ratings/investment banking relationships
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
- Additional disclosures required under the laws and regulations of jurisdictions other than the United States
- Ratings, coverage universe and related definitions
- Global product; distributing entities
- General disclosures
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Authors
Sahar IslamAlberto GandolfiAjay PatelAlexander Duval
Securities
IFXGn.DENTGY.MCENR1n.DE
Themes
AI-Driven Power DemandElectricity Infrastructure Deficit
Regions
EuropeGermanyUnited KingdomSpain