Blackstone To Invest $13.3B In AI Data Center In UK, Projects 4,000 New Jobs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
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Source: Benzinga
Blackstone's Investment in AI: Blackstone Inc. is investing £10 billion ($13.3 billion) to build one of Europe's largest artificial intelligence data centers in England, expected to create 4,000 jobs and support UK economic growth as promised by Prime Minister Keir Starmer.
Acquisition of Smartsheet: In addition to the data center investment, Blackstone announced its acquisition of Smartsheet for $8.4 billion in cash, further expanding its portfolio in the tech sector.
Analyst Views on LBO
Wall Street analysts forecast LBO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LBO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 29.452
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Current: 29.452
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
