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Now time for some of today’s trending tickers we are watching ON Semiconductor, Core Mining, and power management company Eaton.
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First up, on semiconductor topping third quarter expectations, boosted by demand for its chips in data centers. You guessed it.
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The chipmaker reporting about one and a half billion dollars in revenue and the CEO saying, quote, we’re seeing continued signs of stabilization across our core markets, as well as positive growth in AI, but the shares are down about half a percent.
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Next up, Core Mining agreeing to acquire New Gold for about $7 billion in an all-stock deal.
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Core operates several mines in the US and Mexico, while New Gold has two gold producing sites in Canada.
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The deal of course follows this year’s rally for the metal with prices climbing above $4,000 an ounce.
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And finally Eaton, the power management company will acquire Boyd Corporation’s thermal business from Goldman Sachs for 9 and a half billion dollars.
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It’s the fourth deal for Eaton this year as it seeks to bolster its data center segment to cater to AI demand.
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That deal expected to close in the second quarter of 2026.
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As always, you can scan the QR code below to track the best and worst performing stocks with Yahoo Finance’s trending tickers page.