Stocks · News reference
Read this week's top deal updates, including Bending Spoons' Miro deal, Chime's Stride Bank purchase, and the LIV Golf bankruptcy.
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Bending Spoons stock surged 27% this week following a $330 million private placement investment from Berkshire Hathaway, expanding the investor's stake to roughly 4%. The capital injection supports the company's software roll-up strategy of acquiring and restructuring digital applications. However, the stock trades at elevated valuations (34x forward P/E) with significant debt of $5 billion, leaving little room for operational missteps.
Major U.S. indices ended lower on Wednesday, with the Dow Jones Industrial Average slipping 0.09% to 51,621.48.
Berkshire Hathaway has risen 10 sessions in a row, its first such streak since January 2018 and the first under CEO Greg Abel.
CIBC initiates coverage on Constellation Energy (NASDAQ:CEG) with a Outperformer rating and announces Price Target of $358.
AI data centers face a significant electricity shortage, with the U.S. alone projected to have a 32-gigawatt shortfall by 2028. The article identifies seven stocks positioned to benefit from this power crisis: utility companies with nuclear capabilities (Constellation Energy, NextEra Energy, Vistra), equipment manufacturers for power generation and management (GE Vernova, Bloom Energy, Eaton, Vertiv). These companies are capitalizing on growing demand for alternative power solutions and energy-efficient infrastructure.