Kenvue Higher, IREN Rises, Amazon Jumps on Open AI Deal
On this episode of Stock Movers:
- Kenvue (KVUE) shares rally after the company agreed to buy Kenvue Inc. in a deal worth roughly $40 billion, providing a lifeline to the struggling Tylenol maker.
-IREN (IREN) shares jump after Microsoft Corp. has signed a roughly $9.7 billion deal to buy artificial intelligence computing capacity from IREN Ltd., becoming the Australian company’s largest customer.
- Amazon (AMZN) shares higher after the company announced their cloud unit signed a $38 billion deal to supply a slice of OpenAI’s bottomless demand for computing power. Amazon shares surged.
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