OpenAI Misses Sales and User Targets, Drags Partner Stocks Down
OpenAI missed growth targets, worrying investors as rivals rise and AI costs stay high, raising doubts about quick profits. Shares of SoftBank, Oracle, and AMD dropped sharply.
/ 43 items
#CRWV↓
Wall Street Giant Jane Street Drops $6B on CoreWeave AI Cloud and Buys $1B Stake
Trading firm Jane Street commits $6B for CoreWeave’s AI cloud services and invests $1B in equity, marking CoreWeave’s third major deal this week.
Anthropic Secures Major Compute Capacity from CoreWeave for Claude Expansion
Anthropic rents CoreWeave AI data centers with Nvidia chips to boost Claude’s speed, scale, and reliability as demand grows.
CoreWeave Lands $21 Billion Mega-Deal with Meta to Power AI Until 2032
CoreWeave expands $21B deal with Meta for AI cloud power, adds NVIDIA chips, raises funds via bonds to fuel growth.
Applied Digital Revenue More Than Doubles to $126.6M in Q3 as AI Demand Explodes
Applied Digital revenue more than doubled on AI demand, beat expectations, and is rapidly expanding data centers despite reported losses.
BofA Upgrades CoreWeave to Buy with $100 Price Target
BofA reinstated CoreWeave (CRWV) at Buy, citing strong AI demand, proprietary software, and key partnerships with Nvidia and OpenAI in the $79B AI infrastructure market.