KEY TAKEAWAYS Berkshire Hathaway is reportedly close to finalizing a $10 billion deal to buy OxyChem, the petrochemical division of Occidental Petroleum. The deal would be the conglomerate’s biggest since its $11.6 billion purchase in 2022 of insurer Alleghany. Berkshire Hathaway (BRK.A, BRK.B) is reportedly close to a $10 billion deal to buy the petrochemical division of Occidental Petroleum (OXY), in what …
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Broadcom Stock Surges on $10B AI Chip Deal Tied to OpenAI
Broadcom Inc. (AVGO) shares climbed more than 9% in Friday’s trading after the chipmaker revealed a $10 billion order for new AI chips. The company did not name the buyer, but reports from the Financial Times and Reuters suggested that OpenAI was the customer. The news hit Broadcom’s rival, AMD (AMD), hard, with its shares falling over 6%. Elevate Your …
Read More »Gas power plants approved for Meta’s $10B data center, and not everyone is happy
When Meta selected a site in Louisiana for its largest data center to date, it signed a deal with Entergy to power the site with three massive natural gas power plants. Yesterday evening, a state regulator approved Entergy’s plans. The power plants are expected to come online in 2028 and 2029, and at full strength, they’ll generate 2.25 gigawatts of …
Read More »Palantir lands enterprise deal worth up to $10B from U.S. Army – Seeking Alpha
Palantir lands enterprise deal worth up to $10B from U.S. Army Seeking Alpha Palantir gets $10 billion contract from U.S. Army The Washington Post US Army pools contracts into up to $10 billion Palantir deal Reuters U.S. Army Awards Enterprise Service Agreement to Enhance Military Readiness and Drive Operational Efficiency army.mil Army plans big shakeup in software buying practices, starting with new $10B enterprise …
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