Generac Soars After $2.4B Deal to Provide Backup Power for Amazon

Generac Soars After $2.4B Deal to Provide Backup Power for Amazon

In its last earnings call, Generac said that its data center backlog already totaled $1.6 billion before accounting for the Amazon agreement.

Generac strikes multibillion-dollar deal with Amazon for data center backup power

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Market Movers: Amazon's Generac Deal, Intel's SK Hynix Talks, and Fed Rate Decision

Generac soars 40% on Amazon deal, Intel explores SK Hynix partnership, Lucid secures 25K vehicle robotaxi contract, Nvidia recovers, Fed hikes rates 25bps.

Today’s Top Stories: Generac, Intel, Lucid, Nvidia, and the Fed Rate Hike

TLDR Generac surged over 40% after announcing a $2.4 billion deal to supply Amazon with backup generators for data centers Intel rallied on reports that SK Hynix may lease space or form a joint venture at Intel’s Ohio chip facility Lucid jumped after securing a deal to deploy 25,000 autonomous...