Oracle Stock Surges After Company Caps AI Funding and Forecasts Positive Cash Flow
Oracle eased AI spending fears at investor day, pledging a $20B funding cap and positive free cash flow by the second half of fiscal 2028.
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Short-Seller Culper Claims Cerebras Wafer Chips Last Just 1.5 to 2.5 Years
Culper Research claims Cerebras never solved thermal expansion and that its wafer chips wear out far faster than the company discloses.
Peltz’s Trian Seeks to Take Struggling Wendy’s Private
Nelson Peltz’s Trian Fund leads a group offering $7.35 a share in cash to take Wendy’s private at a roughly 20% premium.
GE Vernova Beats Q3 Expectations, Raises 2026 Outlook, and Agrees to $9 Billion Trench Group Acquisition
Orders surge 96% as GE Vernova raises 2026 guidance and signs $9 billion deal to buy Trench Group to expand its grid business.
Organic Orders Double as Vertiv Crushes Estimates, Lifts Full-Year Outlook
Vertiv shares rose sharply after reporting 61% revenue growth, adjusted EPS of $2.21, and lifting its full-year outlook amid strong data-center orders.
EnerSys to Acquire Ultralife for $320 Million, Expanding Defense Battery Capabilities
EnerSys agrees to buy Ultralife at $16 per share in a $320M cash deal, expanding defense battery tech for drones and mission-critical systems.