QXO To Acquire TopBuild In $17 Billion Deal

Industrial distribution firm QXO, Inc. (NYSE:QXO) announced Sunday it will acquire TopBuild Corp. (NYSE:BLD) in a $17 billion deal. The deal is a cash-and-stock transaction valued at $505 per share. The companies expect to close in the third quarter of 2026, subject...

Chip Stocks Show Diverging Trends, Says Analyst

Stacy Rasgon of Bernstein said surging AI demand is driving semiconductor stocks higher, but highlights growing imbalances across the sector. AI Demand Outpaces Supply Rasgon told CNBC on Friday that the industry faces a clear shortage of computing power, with demand...