Tag: $CoreWeave

CoreWeave’s stock and bonds were both hit on Wednesday as investor fear grew that some technology companies are borrowing too heavily for the artificial intelligence build-out. Shares of the so-called neocloud nosedived 15.5%, while yields on its debt jumped higher.

UBS launched coverage of CoreWeave with a Buy rating and a $120 price target this week, implying about 40% upside,

Nebius Group was leading its fellow so-called neoclouds higher early Thursday. There’s more evidence that computing power is in enormous demand and artificial-intelligence chips are holding their value.

CoreWeave shares jumped 14% in extended trading on Tuesday after the AI infrastructure provider reported results than topped Wall Street expectations.

Insatiable demand for artificial-intelligence hardware led CoreWeave to report its strongest quarter ever of new business deals on Thursday. But the company’s earnings missed expectations and provided weak guidance.

CoreWeave added to its growing roster of big-name customers Friday, announcing a multi-year deal with artificial-intelligence start-up Anthropic.

CoreWeave (CRWV) stock rose sharply Thursday after the cloud infrastructure provider unveiled an expanded deal with Meta Platforms (META) worth roughly $21 billion.

CoreWeave shares fell 8% in extended trading on Thursday after the artificial intelligence-focused cloud infrastructure provider delivered light revenue guidance for the current quarter.

Shares of CoreWeave popped 10% in premarket trading on Monday after Nvidia announced it has invested $2 billion in the artificial intelligence infrastructure provider.

 CoreWeave (CRWV) stock fell 4% Monday after the company announced plans to offer $2 billion in convertible senior notes due 2031 in a private offering.

CoreWeave CEO Michael Intrator told CNBC Tuesday that the firm’s proposed acquisition of Core Scientific would be a “nice to have” rather than a necessity as shareholders prepare to potentially block the deal.

CoreWeave shares fell more than 8% before the bell on Wednesday after the Nvidia-backed company posted a bigger-than-expected loss, raising doubts about its ability to keep costs under check amid robust AI demand.

CoreWeave(CRWV) and Circle Internet Group(CRCL) have wowed Wall Street since going public earlier this year. Next up in the unicorn parade? Design software start-up Figma, which is planning to raise more than $1.2 billion from a stock sale that could value the company at $19.3 billion.

CoreWeave plans to spend up to $6 billion on building a new artificial intelligence data center in Pennsylvania, as part of a push by U.S. President Donald Trump to maintain the country’s edge in the booming technology sector, the company said on Tuesday.

CoreWeave, a rapidly growing AI cloud company, priced its initial public offering at $40 a share on Thursday night, well below an expected range of $47 to $55.