Babcock & Wilcox Beats Expectations, Raises Guidance as AI Power Demand Drives Record Backlog
Babcock & Wilcox posts blowout Q2 results with 130% revenue growth, $2.6B backlog, raised 2026 outlook, and new Siemens deal for AI power.
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Fermi’s Project Matador Lands First Major Tenant in Landmark AI Power Deal
Fermi announces binding $6.5B lease with TensorWave for 222 MW AI data center at Project Matador. Expansion to 650 MW possible.
Delaware Court Orders Verisk to Complete $2.35 Billion AccuLynx Deal
Delaware judge rules Verisk must proceed with its $2.35 billion AccuLynx acquisition after the company tried to cancel the deal. Verisk plans to appeal.
Bernhard Capital Partners to Acquire Bowman Consulting for $43 a Share in $1 Billion Deal
58% premium, go-shop period, expected close 2026-2027.
Intel Shares Drop as Chipmaker Raises $15 Billion to Fuel AI Expansion
Intel cashes in on its stock rally with a $15 billion share sale aimed at boosting production capacity for surging AI demand.
Boeing Hands Flying-Taxi Unit to Archer in Exchange for 20% Stake
Boeing transfers Wisk Aero, SkyGrid & Insitu to Archer for nearly 20% stake. Boosts eVTOL and defense ops. Closes by end-2026.