00:00Amazon is getting a new way to invest in Generac, securing warrants that could allow it to purchase as much
00:05as $340 million of the Generator Maker stock.
00:09The agreement is tied to a deal for Generac to supply backup power equipment for Amazon's expanding data center operations.
00:16Generac shares surged more than 40% following the news, reflecting investor enthusiasm over the potential business tied to the
00:24AI and cloud computing boom.
00:26The deal underscores the growing importance of reliable electricity and backup power as technology companies build out massive data center
00:33networks.
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