Generac Holdings Inc has signed a long-term agreement to supply backup generators to Amazon's data centers, with initial deliveries valued at about $2.4 billion expected in 2027 and 2028. The deal includes a warrant allowing Amazon to acquire up to 1.69 million shares of Generac, tied to Amazon's generator purchases, potentially covering up to $8 billion in payments. This partnership highlights Amazon's ongoing investment in its AI and cloud infrastructure. Generac's shares surged nearly 18% following the announcement, reflecting investor confidence in the growth opportunity.
Amazon's stock price rose by 2.11% on the day, trading at USD 251.14 on Pluang. The stock shows strong buying interest with 91% of orders as of Sep 17, 2026 23:43 WIB, indicating continued investor confidence in Amazon's growth prospects.
Elon Musk suggested the possibility of starting a competitor to Amazon after reports that Amazon was blocking AI bots from placing orders. SpaceX, now public, posted strong revenue growth, particularly in AI, and holds substantial cash reserves, posi...
Billionaire hedge fund manager Ken Griffin calls the current AI investment surge a bubble due to speculative excess and uncertain future demand. Despite his warning, his firm Citadel holds about $8.6 billion in major AI-related stocks including Amazo...
Amazon.com, Inc. is set to release its Q3 earnings on October 29 amid growing investor concerns about its increasing spending on AI infrastructure and the visibility of returns from these investments. While Amazon Web Services (AWS) continues to show...
SpaceX CEO Elon Musk ordered speed limits on Starshield satellite internet service in Ukraine, disrupting military drone operations and delaying missions. This move raised national security concerns and prompted U.S. lawmakers to call for investigati...
The S&P 500 has risen 12.6% year-to-date, outperforming typical midterm election years, driven mainly by AI-related spending benefiting major tech firms like Nvidia, Microsoft, and Amazon. Despite a likely post-election rally, challenges such as a 5....
