⚡ AI ate the power grid, and private equity sent the bill.
The most important artificial intelligence transaction this week was not another software acquisition. EQT agreed to acquire Copia Power from Carlyle for approximately $2.6 billion, giving it greater control over the energy infrastructure required by data centers. Carlyle is expected to earn more than five times its original investment.
Meanwhile, SK Hynix raised approximately $26.5 billion through a blockbuster United States offering, Asian technology markets rallied, Treasury yields eased and the Nasdaq climbed 1.3%.
Today’s GRO Money News explains:
📈 Why markets returned to semiconductor…
The skinny
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