AMD to Supply 30 MW AI Compute for Rackspace’s Enterprise Cloud
Rackspace Technology shares surged after finalizing a deal with AMD to deploy 30 MW of AI compute capacity across its global data centers from late 2026 through 2028.
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Olin and Huntsman Announce $12.5 Billion Merger of Equals to Form OlinHuntsman
Includes $400M synergies, vertical integration, and leadership by Ken Lane as CEO.
SpaceX Acquires Cursor Developer Anysphere for $60 Billion
Elon Musk’s SpaceX moves aggressively into enterprise AI with the $60 billion acquisition of Anysphere, the company behind popular coding assistant Cursor. Deal expected to close in Q3 2026.
Stride Plunges After Losing Major Texas Virtual School Contract
Stride shares plunged after Texas' Roscoe ISD decided not to renew its contract for Lone Star Online Academy, representing ~5% of 2025 enrollment. BMO highlights retention risks.
Bernstein Flags “Bad Look” as Fiserv Appoints New CEO Just Weeks After Investor Day
Bernstein says Fiserv’s appointment of Takis Georgakopoulos as CEO has a “bad look,” coming just weeks after Investor Day while the stock is at 10-year lows.
Salesforce Acquires Fin for $3.6 Billion to Strengthen AI Customer Agents
The deal will expand its Agentforce platform with advanced AI-powered customer service agents.