A Cool AI Data Center Deal Sends Oil Stock Past A New Buy Point

SLB (SLB), one of the largest providers of oilfield support services, is expanding its data center services business after acquiring a provider of cooling systems. The stock climbed above a new buy point Monday morning. In a deal valued at $4.1 billion, SLB is acquiring Kelvion from funds managed by investment firm Apollo (APO). Kelvion is a global provider of…