According to Siemens' official earnings release, the German industrial giant's quarterly orders jumped 58% to a record €34.8 billion on November 12, driven by surging demand for AI data center equipment, electrical infrastructure and rail transportation. The company's total order backlog reached €143 billion, with approximately €7 billion now linked to data center products. Fourth-quarter revenue climbed 11% to €23.7 billion, while industrial profit rose 22% to €3.9 billion, exceeding analyst expectations and pushing Siemens shares up 4.7% in early Frankfurt trading.

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