Blackstone

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203 stories mentioning BlackstoneUpdated 5h ago

An alternative-investment manager whose peers Blue Owl, Ares and Golub are targeting a $500 billion opportunity in Mexico's pension pool, per reports.

What's the latest news on Blackstone?

Wire2d ago

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index rising 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.7%.The Philadelphia Housing Index was climbing 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.7%.Bitcoin (BTC-USD) was increasing 1% to $77,301, and the yield for 10-year US Treasuries rose 3.1 basis points to 4.975%.In economic news, the US consumer price index rose 0.4% month on month, the fastest pace since May and above July's 0.1% gain, the Bureau of Labor Statistics data showed Friday. The move matched the Bloomberg-polled consensus. Core inflation, which excludes the more volatile food and energy components, jumped to a four-month high of 0.3%, exceeding market projections for an unchanged 0.2% growth.The University of Michigan's preliminary consumer sentiment index fell to 47.8 in September from 51.7 in August, larger than an expected decrease to 51.0 in a survey compiled by Bloomberg.In corporate news, Jefferies Financial (JEF) is on track for its best advisory quarter on record, though the strength will have limited pull-through to earnings amid trading headwinds, UBS said in a note. The firm kept its neutral rating on the stock but trimmed its price target to $61 from $65. Jefferies shares were down 3.6%.Blackstone (BX) plans to buy many more tensor processing units from Alphabet (GOOGL) unit Google than initially outlined, The Information reported. The private equity and real estate giant's spending on TPUs could be several "multiples" beyond the $5 billion it announced under a joint venture with Google in May, the report said. Blackstone shares rose 2.4%.KKR (KKR) and Francisco Partners have agreed to buy minority stakes in Italian software company TeamSystem from its main investor Hellman & Friedman, Reuters reported. KKR shares were up 0.2%.Intercontinental Exchange (ICE) warehouses could receive huge volumes of arabica coffee from Brazil, with two trade majors processing the certification of their stocks, Reuters reported. ICE Futures US runs the arabica coffee contract, and majors Olam and Louis Dreyfus are seeking to certify thousands of bags of coffee at the exchange in time for the December contract, sources told Reuters. Olam is processing up to 200,000 bags, according to the report. Intercontinental Exchange shares added 1.1%.

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Sectors3d ago

Sector Update: Financial Stocks Higher Friday Afternoon

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.6%.The Philadelphia Housing Index was climbing 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.1%.Bitcoin (BTC-USD) was increasing 1.7% to $77,833, and the yield for 10-year US Treasuries was slightly higher at 4.95%.In economic news, the US consumer price index rose 0.4% month on month, the fastest pace since May and above July's 0.1% gain, the Bureau of Labor Statistics data showed Friday. The move matched the Bloomberg-polled consensus. Core inflation, which excludes the more volatile food and energy components, jumped to a four-month high of 0.3%, exceeding market projections for an unchanged 0.2% growth.The University of Michigan's preliminary consumer sentiment index fell to 47.8 in September from 51.7 in August, larger than an expected decrease to 51.0 in a survey compiled by Bloomberg.In corporate news, KKR (KKR) and Francisco Partners have agreed to buy minority stakes in Italian software company TeamSystem from its main investor Hellman & Friedman, Reuters reported. KKR shares were up 0.5%.Intercontinental Exchange (ICE) warehouses could receive huge volumes of arabica coffee from Brazil, with two trade majors processing the certification of their stocks, Reuters reported. ICE Futures US runs the arabica coffee contract, and majors Olam and Louis Dreyfus are seeking to certify thousands of bags of coffee at the exchange in time for the December contract, sources told Reuters. Olam is processing up to 200,000 bags, according to the report. Intercontinental Exchange shares added 1.5%.Blackstone (BX) intends to purchase many more tensor processing units from Alphabet (GOOGL) unit Google than initially outlined, The Information reported. The private equity and real estate giant's spending on TPUs could be several "multiples" beyond the $5 billion it announced under a joint venture with Google in May, the report said. Blackstone shares rose 2.4%.

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Sectors3d ago

Sector Update: Financial Stocks Advance Pre-Bell Friday

Financial stocks were advancing pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) 1.3% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 3.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 3.7% lower.UBS Group (UBS) has accepted $7.93 billion aggregate principal amount of notes in its cash tender offers for nine series of debt securities and upsized its maximum offer amount to about $5.85 billion from $4 billion, the company said. Shares of UBS Group were up more than 1% premarket.Blackstone (BX) intends to purchase many more tensor processing units from Alphabet (GOOG, GOOGL) unit Google than initially outlined, The Information reported, citing a person familiar with the matter. Blackstone stock was 0.7% higher pre-bell.Thomson Reuters (TRI) priced a US public offering by its subsidiary, TR Finance, of $800 million of 5.1% notes due 2028 and $500 million of 5.750% notes due 2033. Thomson Reuters shares were up more than 1% premarket.

$BX$FAS$FAZ$GOOG$GOOGL$TRI$UBS$XLF

Commodities3d ago

Midstream Operator Kinetik Reportedly Mulls Sale

Energy midstream provider Kinetik (KNTK) is exploring a potential sale of the company, although the process is still in the early stages and no final decision had been made, media outlets reported, citing people familiar with the matter.The sale procedure could begin within weeks, Bloomberg reported Thursday, adding that the company's market value stood at around $8.9 billion as of the morning of Sep. 10.The company has engaged advisers for the sale process, sources told Reuters Wednesday, but there is no guarantee that a deal will be finalized.Kinetik, which is partially owned by Blackstone (BX), is a pure-play midstream company that operates in the Permian's Delaware Basin. It has more than 4,600 miles of pipelines, as well as associated gathering, compression, and processing infrastructure, to bring natural gas, natural gas liquids, and crude oil to markets, according to its website.Kinetik and Blackstone did not immediately respond to' requests for comment.

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Sectors3d ago

Sector Update: Financial Stocks Retreat Late Afternoon

Financial stocks declined in late Thursday afternoon trading, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.4%.The Philadelphia Housing Index was falling 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.9%.Bitcoin (BTC-USD) was shedding 1.5% to $77,084, and the yield for 10-year US Treasuries jumped 10.7 basis points to 4.944%.In economic news, the US Bureau of Labor Statistics' wholesale price inflation gauge, the Producer Price Index, jumped 5.4% from a year ago in August, above the 5.3% forecast in a Bloomberg-compiled survey. The PPI edged up 0.4% month over month, as expected, following a 0.1% increase in July. The August print is the highest growth rate since May.US initial jobless claims fell to 206,000 in the week ended Sept. 5 from an upwardly revised 207,000 in the previous week, compared with expectations for 205,000 in a Bloomberg-compiled poll.The European Central Bank raised its three key interest rates by 25 basis points on Thursday, as the energy shock caused by the Middle East war pushes inflation in the euro area above its 2% medium-term target.In corporate news, Apollo Global Management's (APO) Apollo Sports Capital is interested in investing in an NFL team, CEO Al Tylis said at Bloomberg's Power Players New York event, Bloomberg reported Thursday. Apollo shares were down 1.9%.Blackstone (BX) said Thursday private equity funds affiliated with Blackstone Capital Partners and Blackstone Energy Transition Partners have signed a deal to acquire Flow Control from Audax Private Equity. Shares were down 2.7%.TPG (TPG) is exploring a sale of healthcare software company Lyric that could value the business at about $5 billion, Reuters reported. TPG shares fell 4.1%.Coinbase (COIN) is positioning stablecoin payments as a key pillar of its future revenue strategy as it seeks to reduce its dependence on trading, Bloomberg reported, citing an interview with CEO Brian Armstrong. The US cryptocurrency exchange is working with banks, fintech firms and other companies to move more payment activity into stablecoins, a $300 billion market Armstrong believes could grow tenfold by 2030, the report said. Coinbase shares were shedding 1%.

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Sectors4d ago

Sector Update: Financial Stocks Lower in Afternoon Trading

Financial stocks declined in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.5%.The Philadelphia Housing Index was falling 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.Bitcoin (BTC-USD) was shedding 1.5% to $77,113, and the yield for 10-year US Treasuries was rising 8.1 basis points to 4.918%.In economic news, the US Bureau of Labor Statistics' wholesale price inflation gauge, the Producer Price Index, jumped 5.4% from a year ago in August, above the 5.3% forecast in a Bloomberg-compiled survey. The PPI edged up 0.4% month over month, as expected, following a 0.1% increase in July. The August print is the highest growth rate since May.US initial jobless claims fell to 206,000 in the week ended Sept. 5 from an upwardly revised 207,000 in the previous week, compared with expectations for 205,000 in a Bloomberg-compiled poll.The European Central Bank raised its three key interest rates by 25 basis points on Thursday, as the energy shock caused by the Middle East war pushes inflation in the euro area above its 2% medium-term target.In corporate news, Blackstone (BX) said Thursday private equity funds affiliated with Blackstone Capital Partners and Blackstone Energy Transition Partners have signed a deal to acquire Flow Control from Audax Private Equity. Shares were down 2.2%.TPG (TPG) is exploring a sale of healthcare software company Lyric that could value the business at about $5 billion, Reuters reported. TPG shares fell 3.1%.Coinbase (COIN) is positioning stablecoin payments as a key pillar of its future revenue strategy as it seeks to reduce its dependence on trading, Bloomberg reported, citing an interview with CEO Brian Armstrong. The US cryptocurrency exchange is working with banks, fintech firms and other companies to move more payment activity into stablecoins, a $300 billion market Armstrong believes could grow tenfold by 2030, the report said. Coinbase shares were shedding 0.9%.

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Sectors4d ago

Sector Update: Financial

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.4%.The Philadelphia Housing Index was falling 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.Bitcoin (BTC-USD) was declining 1.5% to $77,113, and the yield for 10-year US Treasuries was rising 8.1 basis points to 4.918%.In economic news, the US Bureau of Labor Statistics' wholesale price inflation gauge, the Producer Price Index, jumped 5.4% from a year ago in August, above the 5.3% forecast in a Bloomberg-compiled survey. The PPI edged up 0.4% month over month, as expected, following a 0.1% increase in July. The August print is the highest growth rate since May.In corporate news, Blackstone (BX) said Thursday private equity funds affiliated with Blackstone Capital Partners and Blackstone Energy Transition Partners have signed a deal to acquire Flow Control from Audax Private Equity. Shares were down 2.2%.

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Wire4d ago

Blackstone Agrees to Acquire Flow Control

Blackstone (BX) said Thursday that private equity funds affiliated with Blackstone Capital Partners and Blackstone Energy Transition Partners have signed a deal to acquire Flow Control from Audax Private Equity.Audax will retain a minority equity stake in Flow Control, a US provider of components for the data center liquid cooling, food, beverage, and pharmaceutical sectors, Blackstone said. Financial terms were not provided.The transaction is expected to close in Q4, Blackstone said.Blackstone shares were down 2.4% in Thursday trading.Price: $126.01, Change: $-3.06, Percent Change: -2.37%

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Equities4d ago

Market Chatter: Blackstone-Backed Kinetik Explores Options Including Sale

Kinetik Holdings (KNTK), a pipeline company owned partly by Blackstone (BX), is in the preliminary stages of exploring options, including a potential sale, Bloomberg reported Wednesday, citing people familiar with the matter.Kinetik is in talks with advisers to prepare for a potential sale process that may occur within weeks, though the company might decide to remain independent, the report said.Kinetik and Blackstone did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Wire4d ago

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.4%.The Philadelphia Housing Index was falling 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) declined 1%.Bitcoin (BTC-USD) was increasing 0.2% to $78,193, and the yield for 10-year US Treasuries rose 3.3 basis points to 4.84%.In economic news, the US Treasury Department plans to buy back up to $6 billion of government debt, CNBC reported. The move triples the normal buyback operation, following an announcement Aug. 19 from Treasury Secretary Scott Bessent that the department would at least double the normal amount for already-issued securities.Redbook US same-store sales rose by 8.3% from a year earlier in the week ended Sept. 5 after a 9.6% year-over-year increase in the previous week. Redbook noted positive customer responses to Labor Day promotions. Sales were driven mainly by back-to-school demand and seasonal apparel. Discount stores saw strong food sales ahead of the long holiday weekend.In corporate news, Patria Investments (PAX) shares fell 3% after BofA Securities downgraded the stock to underperform from neutral.UnitedHealth (UNH) sold an interest in some of its Optum Health operations in Florida to TPG (TPG), Bloomberg reported. TPG shares were shedding 3.9%.Blackstone (BX) is seeking to sell medical-grade skincare company ZO Skin Health with a valuation of around $2 billion, Reuters reported. Blackstone shares were falling 3.4%.Barclays (BCS) is leading a group of lenders preparing a 2.4 billion-euro ($2.8 billion) financing package to support Lone Star Funds' acquisition of industrial-products manufacturer ContiTech, Bloomberg reported. Barclays shares were down 1.3%.

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Sectors5d ago

Sector Update: Financial Stocks Softer Wednesday Afternoon

Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.2%.The Philadelphia Housing Index was falling 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) declined 1%.Bitcoin (BTC-USD) was increasing 0.2% to $78,815, and the yield for 10-year US Treasuries was rising 3.7 basis points to 4.83%.In economic news, the US Treasury Department plans to buy back up to $6 billion of government debt, CNBC reported. The move triples the normal buyback operation, following an announcement Aug. 19 from Treasury Secretary Scott Bessent that the department would at least double the normal amount for already-issued securities.Redbook US same-store sales rose by 8.3% from a year earlier in the week ended Sept. 5 after a 9.6% year-over-year increase in the previous week. Redbook noted positive customer responses to Labor Day promotions. Sales were driven mainly by back-to-school demand and seasonal apparel. There were high sales for food items in discount stores ahead of long holiday weekend.In corporate news, UnitedHealth (UNH) sold an interest in some of its Optum Health operations in Florida to TPG (TPG), Bloomberg reported. TPG shares were shedding 3.6%.Barclays (BCS) is leading a group of lenders preparing a 2.4 billion-euro ($2.8 billion) financing package to support Lone Star Funds' acquisition of industrial-products manufacturer ContiTech, Bloomberg reported. Barclays shares were down 1.2%.Blackstone (BX) is seeking to sell medical-grade skincare company ZO Skin Health with a valuation of around $2 billion, Reuters reported. Blackstone shares were falling 3.2%.

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Sectors5d ago

Sector Update: Financial Stocks Lean Lower Pre-Bell Wednesday

Financial stocks were leaning lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% higher.HSBC (HSBC) is shutting down its transaction services operations in Germany, leading to more than 300 job cuts, Reuters reported, citing a company spokesperson. Shares of HSBC Holdings were down more than 1% premarket.StoneX (SNEX) is relaunching City Index as StoneX Trading, bringing the self-directed trading business under the StoneX brand, the company said. StoneX stock was nearly 1% lower pre-bell.Blackstone (BX) is seeking to sell medical-grade skincare company ZO Skin Health with a valuation of around $2 billion, Reuters reported, citing people familiar with the matter. Blackstone shares were 0.2% lower premarket.

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Sectors11d ago

Sector Update: Financial Stocks Higher Thursday Afternoon

Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 1.4%.The Philadelphia Housing Index was up 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1%.Bitcoin (BTC-USD) jumped 4.9% to $81,167, and the yield for 10-year US Treasuries fell 3.8 basis points to 4.756%.In economic news, Fed Governor Christopher Waller said Thursday he would support keeping interest rates steady if further signs of disinflation emerge, though he seemed willing to tighten monetary policy if price pressures intensify.The Institute for Supply Management's US services index rose to a reading of 55.4 in August from 54.1 in July, compared with expectations for no change in a survey compiled by Bloomberg.The S&P Global US services index was revised downwards to 56.5 in August from the 56.8 flash reading, as expected in a survey compiled by Bloomberg.In corporate news, Blackstone (BX) Private Credit Fund received an estimated $4.3 billion of repurchase requests in Q3, representing roughly 10% of shares outstanding, but will fulfill buyback requests representing just 5%, the fund said Thursday in a letter to investors. Blackstone shares were up 0.3%.Equity Bancshares (EQBK) has agreed to buy Lincoln Bancorp in a deal valued at $123.8 million, the companies said. Equity Bancshares rose 2.7%.UBS (UBS) is facing renewed scrutiny from the US Senate over Credit Suisse's handling of Nazi-linked accounts, with the Senate Judiciary Committee seeking responses after determining the bank had not fully addressed its earlier requests, Bloomberg reported. UBS shares were up 1.1%.Carlyle (CG), Bain Capital, Oaktree, and Nextalia are among the firms preparing to bid for a minority interest in a company holding the international media rights of Italy's Serie A soccer league, Reuters reported. Carlyle shares added 0.6%.

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Sectors11d ago

Sector Update: Financial

Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 1.3%.The Philadelphia Housing Index was up 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1%.Bitcoin (BTC-USD) jumped 4.8% to $81,025, and the yield for 10-year US Treasuries fell 3.8 basis points to 4.756%.In corporate news, Blackstone (BX) Private Credit Fund received an estimated $4.3 billion of repurchase requests in Q3, representing roughly 10% of shares outstanding, but will fulfill buyback requests representing just 5%, the fund said Thursday in a letter to investors. Blackstone shares were up 0.3%.

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Wire11d ago

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks fell in late Tuesday afternoon trading with the NYSE Financial Index declining 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.8%.The Philadelphia Housing Index shed 2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.3%.Bitcoin (BTC-USD) fell 1.7% to $77,205, and the yield for 10-year US Treasuries rose 3.8 basis points to 4.796%.In economic news, US job openings rose to 7.271 million in July, according to the Bureau of Labor Statistics, below 7.313 million expected in a survey compiled by Bloomberg and up from 7.182 million in June.The Institute for Supply Management's US manufacturing index fell to 54.6 in August from 55.6 in July, compared with expectations for 55.2 in a survey compiled by Bloomberg.The first look at consumer confidence for September improved from August, with the RealClearMarkets' monthly index rising to 45.6 from 45.1. The gauge was the highest since March.In corporate news, Bank of America's (BAC) Erin Piacenti, vice president of the business selection and conflicts unit, died at the hospital after being stabbed in Times Square Monday, multiple media outlets reported Tuesday, citing the New York City Police Department and the bank's statement. The suspect, Pamela Cisneros, first stabbed a man in the abdomen as he stood with his wife waiting to cross the street, and then continued north on Seventh Avenue and stabbed Piacenti in the abdomen near 42nd Street, Bloomberg reported. NYPD Commissioner Jessica Tisch said the attacks appeared to be random and unprovoked, and the suspect had a history of mental health issues, Reuters reported. Bank of America shares were down 0.1%.S&P Global (SPGI) is considering spinning out Capital IQ Pro, a move that could create a standalone firm worth billions of dollars, Bloomberg reported. S&P is in the early stages of weighing its options for its flagship data and research platform, the report said, adding that the unit could fetch a valuation in the high single-digit billions of dollars in a spinoff scenario. S&P Global shares were up 1.1%.Apollo Global Management-backed (APO) Brightspeed informed investors there is significant doubt it can continue as a going concern, Bloomberg reported. Apollo shares fell 3.8%.Blackstone (BX) and Apollo are among the private equity firms mulling bids for Syensqo's performance and care unit, which could be valued at 3 billion euros ($3.5 billion) or more, Bloomberg reported. Blackstone shares were down 4.7%.

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Sectors13d ago

Sector Update: Financial Stocks Softer Tuesday Afternoon

Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index declining 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) dropping 0.7%.The Philadelphia Housing Index lost 2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%.Bitcoin (BTC-USD) fell 1.4% to $77,481, and the yield for 10-year US Treasuries rose 2.8 basis points to 4.786%.In economic news, US job openings rose to 7.271 million in July, according to the Bureau of Labor Statistics, below 7.313 million expected in a survey compiled by Bloomberg and up from 7.182 million in June.The Institute for Supply Management's US manufacturing index fell to 54.6 in August from 55.6 in July, compared with expectations for 55.2 in a survey compiled by Bloomberg.The first look at consumer confidence for September improved from August, with the RealClearMarkets' monthly index rising to 45.6 from 45.1. The gauge was the highest since March.The probability of the Federal Reserve raising its target rate by 25 basis points to 3.75% to 4% in September surged to 66% after midday Tuesday from 40% a day ago, according to the CME FedWatch tool.In corporate news, Apollo Global Management-backed (APO) Brightspeed informed investors there is significant doubt it can continue as a going concern, Bloomberg reported. Apollo shares fell 3.2%.Blackstone (BX) and Apollo are among the private equity firms mulling bids for Syensqo's performance and care unit, which could be valued at 3 billion euros ($3.5 billion) or more, Bloomberg reported. Blackstone shares fell 4.4%.Intercontinental Exchange-backed (ICE) prediction site Polymarket is set to receive a $300 million investment from existing investor 1789 Capital, in which Donald Trump Jr. is a partner, the Wall Street Journal reported. Intercontinental Exchange shares fell 1%.

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Wire13d ago

Market Chatter: Blackstone, Apollo Said to Consider Bids for $3.5 Billion Syensqo Division

Blackstone (BX) and Apollo Global Management (APO) are among the private equity firms mulling bids for Syensqo's performance and care unit, which could be valued at 3 billion euros ($3.5 billion) or more in a deal, Bloomberg reported Tuesday, citing people familiar with the matter.Cinven, Advent and Bain Capital are also considering bids for the division, which sells chemical products to customers in the consumer care, agriculture, coatings and mining sectors, the report said, citing the people.The companies didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $136.54, Change: $-6.70, Percent Change: -4.68%

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Wire13d ago

Blackstone, Apollo Said to Consider Bids for $3.5 Billion Syensqo Division, Bloomberg Reports

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US Markets14d ago

Nvidia Investing $3.5 Billion in MediaTek, Partners on NVLink Fusion Platform

Nvidia (NVDA) expanded its partnership with chip designer MediaTek, including a $3.5 billion investment, to support adoption of the company's proprietary interconnect technology for custom rack-scale artificial intelligence chips.Under the deal, Nvidia bought $3.5 billion convertible bonds issued by MediaTek, and the Taiwan-based fabless chipmaker will adopt the NVLink Fusion platform, which provides chipmakers with prevalidated connectors and specialized memory to integrate custom AI accelerators directly into Nvidia's rack-scale data center systems."MediaTek is one of the world's great semiconductor companies, with exceptional expertise in system-on-chip design, connectivity, leading performance and power efficiency," Nvidia Chief Executive Jensen Huang said. "Together, we're building platforms that bring Nvidia accelerated computing to new markets and give customers the freedom to create differentiated AI systems at enormous scale.""Nvidia's investment strengthens a collaboration that spans cloud AI infrastructure, local AI computing and automotive in the era of physical AI," MediaTek CEO Rick Tsai said.Last week, Nvidia reported fiscal second-quarter results that more than doubled from a year ago and topped Wall Street expectations, driven by record data center sales. Morgan Stanley said the chipmaking giant offered a surprisingly strong fiscal 2028 revenue outlook, while its gross margin guidance provided clarity amid rising memory costs.Separately, Nvidia announced an expanded partnership with Amazon.com's (AMZN) Amazon Web Services to supply 2 million additional GPUs across AWS infrastructure in 2027 and 2028, and build dedicated 100,000-GPU AI factories for federal security workloads.Earlier in August, Nvidia said it was collaborating with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital to support its AI infrastructure. Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BAM), Goldman Sachs (GS) and KKR (KKR) were part of the partnership.Previously, Nvidia agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative.Nvidia's shares were up 1.1% Monday and have gained 18% this year.Chip designer Marvell Technology (MRVL) reported late last week second-quarter results above Wall Street's estimates amid a surge in data center revenue. B. Riley Securities said the company's fiscal third-quarter gross margin outlook came in a bit soft amid a higher custom product mix.Semiconductor manufacturer Broadcom (AVGO) is scheduled to report its fiscal third-quarter results Wednesday.Price: $220.40, Change: $+2.85, Percent Change: +1.31%

$AMZN$APO$AVGO$BAM$BLK$BX$GS$KKR$MRVL$NVDA

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