Stock Movers BlackRock Ends Higher, Stellantis Gains, PNC Slides
Oct 15, 2025
BlackRock is making headlines with a monumental $40 billion deal to acquire Aligned Data Centers, signaling a major move into the AI sector. Stellantis is rejuvenating its U.S. presence by pledging $13 billion over the next four years, aiming to boost its market share. Meanwhile, PNC is facing challenges as rising commercial deposit costs squeeze their net interest margin. The tech and auto sectors are buzzing with these strategic shifts, while investor reactions to earnings from United Airlines and J.B. Hunt add to the market drama.
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BlackRock's Massive Data-Center Play
- BlackRock's Global Infrastructure Partners agreed to buy Aligned Data Centers in a $40 billion deal, joining others racing for AI-related infrastructure.
- The purchase adds 78 data centers and 50 campuses, signaling a major push into data-center assets tied to AI demand.
Stellantis' $13B U.S. Rebuild Plan
- Stellantis pledged $13 billion in U.S. investment over four years to rebuild its U.S. business and offset tariff impacts.
- Analysts want clarity on how this ties to existing CapEx plans and where the spending will be deployed.
PNC Margin Hit From Costlier Deposits
- PNC's net interest margin fell as it added more expensive commercial deposits, pushing shares down nearly 4%.
- Loan-loss provisions were lighter than expected, aligning with broader signs of a resilient consumer.