Nvidia Fuels Rumble's $1.17B Bid, Google Cloud's $32B Wiz Buy

Several companies are making significant moves in the AI space. Rumble is considering a $1.17 billion bid for Northern Data, a German AI cloud firm with a substantial inventory of Nvidia GPUs, including over 20,000 H100s and 2,000 H200s. This acquisition would give Rumble control over Northern Data's cloud and data center operations. Meanwhile, Alphabet's investment fund sold its CrowdStrike shares and is set to acquire Wiz for $32 billion to bolster Google Cloud's capabilities and better compete with Microsoft's Azure. In other news, Micron Technology anticipates strong growth driven by AI and memory technology, projecting fourth-quarter revenue of $11.2 billion, fueled by demand for its HBM products. Moody's Analytics is integrating AI into 40% of its products to enhance customer service and efficiency. Alibaba is viewed by some as undervalued, given its focus on AI, leading position in open-source models, and growing cloud services. Wall Street analysts predict that select AI stocks could jump by 40% in the coming year. Brookfield Asset Management is planning an AI infrastructure fund with a target of $5 billion, while DigitalBridge Group is nearing the final close of its DigitalBridge Partners III fund. Broadcom's stock has reached $1,735, propelled by high demand for its AI networking chips. Lastly, BigBear.ai reported Q2 revenue of $32.5 million.

Key Takeaways

• Rumble is considering a $1.17 billion offer for Northern Data, an AI cloud company with a large Nvidia GPU inventory.
• Alphabet is acquiring Wiz for $32 billion to strengthen Google Cloud's position against Microsoft Azure.
• Micron expects $11.2 billion in revenue, driven by AI and memory tech, particularly its HBM products.
• Moody's Analytics is using AI in 40% of its products to improve customer service and productivity.
• Alibaba is considered undervalued due to its AI focus, cloud growth, and open-source leadership.
• Wall Street analysts predict some AI stocks could increase by 40% in the next year.
• Brookfield plans a $5 billion AI infrastructure fund, signaling strong investment in the sector.
• Broadcom's stock price is up to $1,735 due to high demand for AI networking chips.
• AI infrastructure costs have decreased since 2022, shifting investment towards application companies.
• BigBear.ai reported Q2 revenue of $32.5 million.

Rumble eyes $1.17B deal for AI cloud firm Northern Data

Rumble is thinking about offering about $1.17 billion for Northern Data, a German AI cloud company. If the deal happens, Rumble would combine Northern Data's data center and GPU cloud business, which includes many Nvidia GPUs, with its own. Rumble is considering offering 2.319 shares for each Northern Data share. Tether, the main owner of Northern Data, supports the possible deal, but there is no guarantee it will happen.

Rumble considers $1.17B bid for German AI firm Northern Data

Rumble, a video platform and cloud provider, is considering buying German AI cloud company Northern Data for about $1.17 billion. The deal would give Rumble control of Northern Data's cloud business, Taiga, and data center arm, Ardent. Taiga has many Nvidia GPU chips, including about 20,480 H100s and over 2,000 H200s. Northern Data's board is reviewing the offer, and Tether, Northern Data's main shareholder, supports the deal. A final offer is expected to be higher, but there's no guarantee it will happen.

Rumble may bid $1.17B for German AI cloud firm Northern Data

Rumble, a U.S. video and cloud company, is thinking about offering $1.17 billion for Northern Data, a German AI cloud group. If the deal goes through, Rumble would control Northern Data's Taiga cloud business and Ardent data center. Taiga has many Nvidia GPU chips, including about 20,480 H100s and over 2,000 H200s. Northern Data is reviewing the offer, and Tether, the main owner, supports it. A final offer might be higher, but there's no guarantee of a deal.

Alibaba stock undervalued AI opportunity says report

Alibaba's stock price is the same as it was in 2014, which can be frustrating for investors. However, some believe the negative feelings about Alibaba stock create a good chance for investors. Alibaba is focusing on AI, leads in open-source models, and has growing cloud services, making it a top AI player in China. Despite competition, Alibaba is profitable with strong finances and is valued lower than other AI companies.

Alibaba undervalued AI opportunity with discounted price to earnings ratio

Alibaba's stock is cheap compared to other tech companies, even though it's strong in e-commerce and has growing AI cloud services. Its cloud revenue grew 13% last year, with AI products growing even faster. Ant Group's AI training is cutting costs by 20%. A possible IPO of Ant Group could add value to Alibaba. Despite risks, Alibaba has a lot of cash and growing international business, making it a good long-term investment.

Moody's uses AI for growth says Oppenheimer Conference

Moody's Analytics is using AI in 40% of its products to improve customer service. They are also partnering with other companies to improve their ESG and KYC services. AI is helping them to be more productive and manage costs. Their KYC business is growing, with a 15% increase in annual recurring revenue in the second quarter. Moody's Analytics is also using AI to expand in the private credit area.

Micron sees AI and memory tech driving growth

Micron Technology is doing well because of AI and memory technology. They increased their expected revenue for the fourth quarter to $11.2 billion because of strong market prices. They expect to make more money from their HBM products because they use less power. Micron's investments in U.S. manufacturing give them an advantage. The AI market is growing from data centers to devices like smartphones, and Micron's HBM products use 30% less power than competitors.

Alphabet sells AI stock, buys Wiz for $32 billion

Alphabet's investment fund sold its shares of CrowdStrike, an AI stock, after making a profit. Alphabet plans to spend $32 billion to buy Wiz, a startup that competes with CrowdStrike. This move will help Google Cloud, Alphabet's cloud platform, grow faster. Google Cloud is currently smaller than Microsoft's Azure, but buying Wiz could help it catch up by adding new security features and customers.

Alphabet sells AI stock, buys Wiz for $32 billion

Alphabet's investment fund, CapitalG, sold its shares of CrowdStrike after investing in it in 2015. Alphabet is now buying Wiz, a cloud security company, for $32 billion. This will help Google Cloud compete with Microsoft's Azure. Wiz will gain access to more money for AI development. Google Cloud could attract more customers in industries where security is important.

Wall Street predicts 3 AI stocks could jump 40%

Analysts on Wall Street think that some artificial intelligence (AI) stocks could increase in value by more than 40% in the next year. They are especially positive about AI software stocks. They believe these stocks will rise because of new AI technology and its growing use in different industries. Investors who want to invest in high-growth companies may want to consider these AI stocks.

Brookfield plans AI fund, DigitalBridge nears final close

Brookfield Asset Management is planning to start an artificial intelligence (AI) infrastructure fund and wants to raise $5 billion. This shows they are serious about investing in the growing AI industry, which needs a lot of money for data centers and digital infrastructure. DigitalBridge Group is also close to finishing its DigitalBridge Partners III fund. Meridiam will lead an $11 billion project to improve US highways.

AI tech innovation unlocks opportunities in infrastructure and application stocks

AI is changing industries and creating new opportunities. AI infrastructure costs have dropped a lot since 2022, making it easier to use. Investment in AI is shifting from hardware to application companies that can quickly improve workflows. Private equity firms are buying companies in areas like customer service to use AI to cut costs. Infrastructure stocks and AI-native companies are good investment choices.

Broadcom stock hits $1,735 driven by AI demand

Broadcom's stock price is $1,735 because of strong demand for AI networking chips. The stock has increased by almost 14% in the past month. Broadcom is benefiting from spending by hyperscalers and upgrades by cloud service providers. Analysts predict Broadcom's revenue will be $12.1 billion, with earnings per share around $11.15. The company's strong cash flow supports its dividend policy.

BigBear.ai reports Q2 revenue of $32.5M

BigBear.ai Holdings, Inc. reported its second-quarter revenue was $32.5 million. FactSet estimated the revenue to be $40.6 million.

Sources

• Rumble considers near $1.2 billion offer for German AI cloud group Northern Data
• Rumble weighs near $1.2 billion bid for German AI cloud firm Northern Data
• Rumble considers near $1.2 billion offer for German AI cloud group Northern Data
• Alibaba: An Undervalued AI Opportunity (NYSE:BABA)
• Alibaba: A Generational Undervalued AI Opportunity at a Discounted P/E
• Moody’s at Oppenheimer Conference: AI Drives Strategic Growth By Investing.com
• Micron at KeyBanc Forum: AI and Memory Tech Drive Growth By Investing.com
• Alphabet Sold Its Entire Stake in This Skyrocketing Artificial Intelligence (AI) Stock and Bought This $32 Billion Startup Instead
• Alphabet Sold Its Entire Stake in This Skyrocketing Artificial Intelligence (AI) Stock and Bought This $32 Billion Startup Instead
• These 3 Artificial Intelligence (AI) Stocks Could Soar More Than 40% Over the Next 12 Months, According to Wall Street
• The Pipeline: Brookfield preps AI fund, DigitalBridge eyes final close, Meridiam leads $11bn US PPP
• AI-Driven Tech Innovation in 2025: Unlocking Actionable Opportunities in AI Infrastructure and Application Stocks
• Broadcom Stock Market Price at $1,735 – AI Demand Fuels Upside Potential
• Earnings Flash (BBAI) BigBear.ai Holdings, Inc. Reports Q2 Revenue $32.5M, vs. FactSet Est of $40.6M