Penske Corp. and Mitsui Propose $3.8 Billion Take-Private Deal for Penske Automotive Group
Penske Corp. and Mitsui plan to acquire the remaining 27% of Penske Automotive Group at $210 per share in a $3.8 billion buyout.
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Reddit Shares Plunge as It Considers Ending Google AI Partnership
Wells Fargo warns of revenue pressure but sees possible long-term upside for the platform.
Infleqtion Secures Three Major DOE Projects Under Genesis Mission
Craig-Hallum initiates coverage on Infleqtion with a Buy rating and $19 price target.
CrowdStrike Teams with Cerebras for Near-Instant AI Threat Detection and Response
CrowdStrike’s AI security now runs on Cerebras’ fastest inference platform for near-instant detection and response. Cerebras also adopts Falcon to secure its operations.
AMD Invests Up to $5 Billion in Anthropic While Securing Huge GPU Contract
Anthropic secures up to 2GW of AMD Instinct MI450 GPUs and a $5B strategic investment from AMD. The deal strengthens AMD’s position in AI infrastructure against Nvidia while powering Claude’s growth.
Citi Upgrades Three Energy Storage Stocks as AI Data Center Demand Surges
Citi upgrades Fluence Energy (FLNC), Energy Vault (NRGV), and Canadian Solar (CSIQ) as AI data centers drive massive energy storage demand ahead of Q2 earnings.