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Amazon Gains on Multibillion-Dollar Generac Power Deal Amid Fed Rate Hike

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • Amazon secured a multibillion-dollar backup power supply deal with Generac for its data centers, acquiring warrants for 1.7 million shares.
  • Meanwhile, markets digest a Federal Reserve interest rate hike and hawkish guidance, which may raise borrowing costs for ongoing AI infrastructure expansion.
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AMZN price history

245.96 +5.17% over the displayed period

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