Good afternoon and welcome to Markets Desk.
Berkshire Hathaway's first major test under Greg Abel arrives Tuesday, July twenty-second, when shareholders vote on the company's eight-point-five billion dollar bid for Taylor Morrison Home. The deal would mark a significant expansion into homebuilding, and Abel's credibility as Buffett's successor rides heavily on how the market receives it.
Staying in the energy and infrastructure space, Chevron is positioning itself to capitalize on surging power demand from artificial intelligence data centers. The thesis is straightforward — more compute means more electricity, and integrated energy majors with reliable supply chains are increasingly attractive to hyperscalers hunting long-term power contracts. Analysts see it as a genuine structural tailwind, not a cyclical bump.
But that AI buildout is drawing harder scrutiny. A growing number of market observers are asking whether the debt-fueled race to construct data centers is following the classic bubble playbook — displacement, euphoria, and eventually profit-taking. Capital expenditures are running well ahead of monetization timelines, and if rate conditions tighten or AI revenue disappoints, the leverage embedded in this infrastructure boom could reprice quickly and painfully.
That's the tape. Markets Desk, signing off the floor.
