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Stockreport

Alphabet expands energy footprint with Intersect deal [Wealth Professional (Canada)]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Wealth Professional
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Alphabet Inc. announced Monday that it will acquire Intersect, a data centre and energy infrastructure company, for US$4.75 billion in cash plus assumed debt, according to a company statement. The acquisition aims to expand data centre and power generation capacity as the technology giant faces mounting energy demands from artificial intelligence development. Google, Alphabet's largest subsidiary, already holds a minority stake in Intersect from a funding round announced in December 2024. “Intersect will help us expand capacity, operate more nimbly in building new power generation in lockstep with new data centre load, and reimagine energy solutions to drive US innovation and leadership,” Sundar Pichai, CEO of Google and Alphabet, said in the statement. Powering AI expansion The deal includes Intersect's development team and multiple gigawatts of energy and data centre projects either under development or construction, according to the announcement. Intersect operates $15 bil [Read more]
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Stockreport

Alphabet expands energy footprint with Intersect deal [Wealth Professional (Canada)]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Wealth Professional
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Alphabet Inc. announced Monday that it will acquire Intersect, a data centre and energy infrastructure company, for US$4.75 billion in cash plus assumed debt, according to a company statement. The acquisition aims to expand data centre and power generation capacity as the technology giant faces mounting energy demands from artificial intelligence development. Google, Alphabet's largest subsidiary, already holds a minority stake in Intersect from a funding round announced in December 2024. “Intersect will help us expand capacity, operate more nimbly in building new power generation in lockstep with new data centre load, and reimagine energy solutions to drive US innovation and leadership,” Sundar Pichai, CEO of Google and Alphabet, said in the statement. Powering AI expansion The deal includes Intersect's development team and multiple gigawatts of energy and data centre projects either under development or construction, according to the announcement. Intersect operates $15 bil [Read more]
IMPACT SNAPSHOT
EVENT TIME:
GOOG
Last Price
Price Change
Price Change %
Volume Shares
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Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS