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The Marked Chart Wire · Business
HotFermi
Fermi failed to finalize its August lease agreement with TensorWave by October 31 due to unresolved financing and approvals. The firms intend to complete the transaction, with Fermi planning to provide details on its next earnings call.
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Meta
The social media giant is looking to raise 15 billion dollars through a new issuance of bonds denominated in US currency.
Meta
The rating agency placed an Aa3 score on a recent senior unsecured bond issue from the social media giant.
Penguin Solutions
SK hynix acquired a 9.1 percent convertible stake in Penguin Solutions for $377.2 million, according to a recent SEC filing. The deal gives the memory chip maker the right to nominate a board director.
Pfizer
Pfizer reported third-quarter revenue of $16.58 billion and adjusted earnings per share of $0.87, both above estimates. The company raised its full-year revenue guidance to $62 billion to $64 billion and adjusted EPS to $2.95 to $3.05.
Meta Platforms
The social media giant is issuing new debt across five separate tranches. Specific details regarding the total amount raised or pricing were not provided in the announcement.
DigitalOcean
DigitalOcean reported third-quarter revenue of $321 million, beating estimates, and raised full-year guidance. AI customer annual recurring revenue jumped 288 percent to $376 million as the company targets more than 60 percent revenue growth in 2027.
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