🚧 Microsoft’s Carbon Reduction Plans Hit a Roadblock 🌍

Thank God It’s Friday, Bullseye Traders! 

When Microsoft asked AI for a green energy plan, it got a red one instead. 🌍🔴 Four years ago, Microsoft ($MSFT) promised to go carbon-negative by 2030, but emissions have shot up by 29.1% thanks to massive data center expansions. Despite this, Microsoft’s chief sustainability officer argues that ramping up AI will help make the world “more environmentally friendly.” 🤖🌿

Between 2020 and 2022, Microsoft and Google ($GOOG) saw their electricity consumption spike by 68% and 44%, respectively, outpacing the entire country of Slovenia. ⚡🌍

To balance AI’s power-hungry demands with emission reduction goals, companies are increasingly investing in clean energy. 🌞🔋

Big Energy Deals: Earlier this month, Microsoft inked the largest clean-energy deal ever with Brookfield Renewable Partners ($BEP), securing 10.5 gigawatts of power—equivalent to 10 nuclear plants—at an estimated cost of over $11.5B. 💰💡 Last year saw a record 46 gigawatts of corporate clean energy purchases, up 12% from the previous year. With electricity demand soaring, expect more blockbuster deals on the horizon. 🚀🔋

SHAKERS AND MOVERS

Meta, GoodRx, & Canada Goose

META (-2%) Meta’s Facebook and Instagram are in hot water, under investigation for potentially flouting EU online content rules regarding child safety (Reuters).

SBOW (+13%) Silverbow Resources has struck gold, agreeing to be acquired by Houston-based rival Crescent Energy in a $2.1 billion deal (WSJ).

GDRX (+11%) GoodRx is making waves with a new direct contracting agreement with Kroger, aimed at boosting prescription accessibility and affordability (Benzinga).

GOOS (+16%) Canada Goose is soaring high, with a 3.5% boost in direct-to-consumer sales leading to an earnings beat (Barron’s).

GME (-30%) Gamestop and AMC shares plummeted for the second consecutive day as the meme stock frenzy lost steam (Reuters).

STREET SCOOPS: The Buzz Around Town

BI: Jamie Dimon thinks inflation is sneaking up on us like a bad surprise party, and believes the market's optimism for a soft landing is like hoping for a miracle at the last minute.

TC: Netflix is diving headfirst into the advertising game, going toe-to-toe with Google and Amazon just 18 months after venturing into ad territory.

MW: The meme stock frenzy sparked a $5 billion trading spree on Robinhood, marking one of the online broker's biggest trading days in the past year.

Bloomberg: Uber is rolling out shuttle bus services for airports, concerts, and sports events, making it easier to get to the action without the parking hassle.

CNBC: Michael Burry, famed for his prescient call on the subprime mortgage crisis, has scooped up over 440,000 units of Sprott Physical Gold Trust, betting big on the precious metal.

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