Cipher struck a huge $3 billion, 10-year deal with Fluidstack to build 168 MW of AI data centers. Google guaranteed $1.4 billion of the lease and received about a 5.4% ownership stake in Cipher. This positions Cipher as a major AI Data Center Developer.
Rothschild & Co issued a Sell rating on Oracle, arguing that the market is overestimating the value of its contracted cloud business because the company acts more like a financier than a traditional cloud provider.
Lululemon stock was downgraded. Analysts think competition is too tough and future profit predictions are "too high," creating financial risk.
Intel Corp., backed by the US government, is seeking further investment, approaching Apple for a deal that would validate the ailing chipmaker's crucial domestic turnaround efforts, even as challenges persist.
A deadly mud rush halted production at Grasberg, the world's 2nd largest copper mine. Freeport declared force majeure, causing copper prices to spike sharply. Two workers died; five are missing. Major supply delays are now expected until 2027.
Novacap is buying digital ad quality firm Integral Ad Science (IAS) for $1.9 billion. The deal pays $10.30 per share in cash, a 22% premium. IAS will use the funds to invest in AI technology and growth. It will become a privately held company soon.
