The $40 Billion Data Center Deal: BlackRock, Nvidia, Microsoft, and OpenAI Team Up

Kirkland, A&O Shearman Among Firms Riding Middle East Data Center Wave But Risks Run Deep

Law firms are juggling high-stakes Gulf data centre deals. Kirkland & Ellis helped close two mega-deals in October alone, including a $40 billion deal to acquire Aligned Data Centers and a Blackstone-backed AirTrunk deal on a $3 billion partnership with Saudi AI HUMAIN.

The $40 Billion Data Center Deal: BlackRock, Nvidia, Microsoft, and OpenAI Team Up

Quick Read A new $40 billion joint acquisition by BlackRock, Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and OpenAI highlights surging demand for data center capacity to support AI and cloud computing growth. Analysts note potential ripple effects across the data infrastructure sector, with major players like Digital Realty and Equinix possibly becoming future acquisition targets. The accelerating pace of construction raises questions ab…

Nvidia-backed CoreWeave’s shares drop amid data center delay

CoreWeve’s stock price had dropped nearly 9% in premarket trading on Tuesday after the company lowered its annual revenue forecast. The Nvidia-backed firm scaled back its estimate due to data center disruptions despite a surge in demand for its artificial intelligence services. At the time of publication, CoreWeaves shares are trading around $105.61, up 1.54% in the last 24 hours. The tech firm has also experienced a 25.43% decline in its stock …