Stocks in Action USA: SLB, SAIC and Chevron.
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SLB (SLB) – the oilfield services provider bets on the AI data center boom with a $3.4 billion deal! SLB is massively expanding its business with AI data centers and is acquiring the cooling technology specialist Kelvion for $3.4 billion in cash as well as around $700 million in debt. The deal is expected to give SLB access to one of the most critical bottleneck areas of the booming AI infrastructure: the efficient cooling of increasingly powerful data centers. SLB expects that the combined data center business can achieve revenues of $4.5 to...
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