On September 11, Blackstone Group LP rose 3.11% in regular trading, trading at $129.92/share with turnover of $57.92 million, reversing a two-day losing streak.

On the news front, Blackstone reportedly plans to dramatically expand its procurement of Google tensor processing units (TPUs). According to reports citing a person familiar with the matter, the private equity and real estate giant's spending on TPUs could reach several \"multiples\" beyond the $5 billion initially disclosed under a joint venture with Google announced in May. The move signals Blackstone is further deepening its commitment to AI computing infrastructure.

The news helped restore market confidence after Blackstone had come under pressure in the prior two sessions due to delays at its joint data center venture with Google, dubbed Project Braid. That project faced setbacks including transformer shortages and contractor changes, with on-time delivery probability dropping to roughly 50% from 90% three years ago. Separately, Blackstone announced the acquisition of Flow Control Holdings, a leader in data center liquid cooling components, reinforcing its positioning across the AI infrastructure value chain.

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