Atlas Copco’s A-shares reached a new record high on Monday. The stock surpassed its previous peak set in June 2024.
Shares have climbed nearly 12% since the company’s July 16 quarterly report. That report exceeded market expectations for earnings, revenue, and order intake.
The industrial giant recorded a record order intake during the quarter. High demand for AI infrastructure and semiconductor products fueled the vacuum segment. Orders also increased for gas and process compressors.
The stock was one of several on the Stockholm Stock Exchange to reach a new 52-week high today.