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00:02Amazon was granted warrants to purchase up to $340 million of Generac stock as part of
00:07an agreement to supply backup generators for Amazon data centers, according to CNBC.
00:12The warrants allow Amazon to acquire up to 1.69 million shares at $200.93 each,
00:19equal to nearly 3 percent of Generac's outstanding shares.
00:22Generac said initial generator deliveries are expected to total $2.4 billion in 2027
00:27and 2028, about 308,000 warrant shares vested immediately, while the remaining shares will
00:33vest based on payments for the generators. The agreement is Amazon's latest infrastructure
00:37deal as it expands data center capacity to meet growing AI computing demand.
00:42The tech giant struck a deal to use Qualcomm's custom AI chips and received warrants to acquire
00:46up to $4 billion in Qualcomm stock. Amazon signed a $38 billion cloud deal with OpenAI and opened
00:52an $11 billion campus for Anthropic. For all things money, visit Benzinga.com.
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00:58dor
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