The parent company of Google, A, has reached a definitive agreement to acquire Intersect, solution provider for data center and energy infrastructure, for $4,75 billion in cash plus the assumption of debt. Google already owns a minority stake in Intersect, but with the acquisition it aims to gain additional data center capacity. The deal includes the Intersect team and several gigawatts of energy and data center projects currently under development or under construction under the existing partnership with Google. Intersect operations will remain separate from Alphabet and Google, continuing under the Intersect brand with Sheldon Kimber as leader.
Just yesterday Wall Street was trading higher at the start of a week with a shorter holiday trading calendar, pointing to Christmas rally with AI titles. Stocks that actually drove the gains: they rose Nvidia, Oracle and Alphabet. Other large-cap stocks, however, had contrasting performances, with Amazon e Tesla on the rise while ecosystem e Apple they gave in.
