All articles tagged with #digitalbridge
SoftBank is acquiring DigitalBridge in a $4 billion deal to bolster its AI infrastructure investments, aiming to develop next-generation AI data centers and advance its vision of Artificial Super Intelligence, with DigitalBridge continuing to operate as a separate platform.
The article highlights the major midday stock movements involving companies like Nvidia, Ultragenyx Pharmaceutical, Newmont, and DigitalBridge, indicating significant trading activity and market shifts.
SoftBank is acquiring DigitalBridge for $4 billion to strengthen its AI-related portfolio and expand its digital infrastructure investments, aiming to capitalize on the growing demand for AI computing capacity.
SoftBank has announced a $4 billion deal with DigitalBridge to develop AI data centres, highlighting a significant investment in AI infrastructure.
SoftBank is acquiring DigitalBridge for about $4 billion to expand its investments in digital infrastructure and AI-related data centers, aiming to capitalize on the booming demand for digital capacity driven by AI advancements.
Stock futures are slightly down after last week's gains, with market focus on DigitalBridge's potential acquisition by SoftBank, rising oil prices due to geopolitical tensions, and a decline in gold and silver after record highs, as investors navigate holiday trading and economic uncertainties.
The article highlights the biggest premarket stock movements involving DigitalBridge, Praxis Precision Medicines, Coupang, and other companies.
Shares of DigitalBridge soared up to 50% in premarket trading after reports indicated that SoftBank is in advanced negotiations to acquire the company, potentially announcing a deal soon.
SoftBank is acquiring DigitalBridge for $4 billion to strengthen its AI infrastructure portfolio, with DigitalBridge being a major investor in digital infrastructure assets. The deal aims to capitalize on the growing demand for AI computing capacity, and DigitalBridge will continue to operate as a separate platform under its current leadership.
Intel has announced the creation of a new independent company, Articul8 AI, focusing on artificial intelligence software, with investment from DigitalBridge Group and other investors. The company, which will not be publicly traded, stems from Intel's collaboration with Boston Consulting Group and aims to address the challenges of implementing AI in a secure, cost-effective manner for businesses. Articul8 AI will operate with an independent board, and Intel will remain a shareholder. This move is part of Intel's broader strategy to seek external capital for its business units, following similar actions with Mobileye Global and its programmable chip unit.
Trimble's stock jumped 6.4% after AGCO Corp announced its acquisition of an 85% stake in Trimble's agribusiness for $2 billion; DigitalBridge shares rose 5.8% following an upgrade by JPMorgan; Jefferies Financial Group's stock rose over 2% despite third-quarter profits being impacted by a slowdown in dealmaking; Duolingo shares gained 4.5% after receiving a buy rating from UBS; CarMax's stock fell 9.5% as the company reported lower earnings and revenue due to weakening demand for used cars.