backup power
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Amazon Secures Right to Buy Up to $340M in Generac, Stock Surges
Amazon has secured warrants to acquire up to $340 million in stock from Generac, a backup power solutions provider. This strategic move, including a $2.4 billion generator supply deal for Amazon’s data centers, sent Generac shares up over 40%. The agreement grants Amazon the right to purchase Generac shares, demonstrating Amazon’s commitment to bolstering its infrastructure, similar to recent investments in Qualcomm and OpenAI.
