JPMorgan Chase & Co. (JPM) has upped its stake in ZTE Corp. The bank bought 1.43 million shares of the Chinese vendor for $5.57 million, according to a numbers released by the Hong Kong Stock Exchange last week.
The transaction effectively increases JPMorgan’s stake in the company from 11.87% to 12.14%. The per share price came down to $3.89.
JPMorgan Chase ups stake in ZTE
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What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants