Jim Cramer says investors need to pay attention to CoreWeave. Here's why
Cramer said he's becoming less skeptical of CoreWeave after strong earnings and reassuring comments from its CEO.
Cramer said he's becoming less skeptical of CoreWeave after strong earnings and reassuring comments from its CEO.
“A structurally challenged business,” one analyst says, even as the CoreWeave forecast rises and revenue jumps 168% to $3.66bn.
After CoreWeave beat on revenue and upped its forecast, CEO Mike Intrator indicated the company will be fine despite last week's Democratic midterm sweep.
Follow below as CNBC covers the biggest stock market moves of the day.
CoreWeave is increasingly asking customers to pay upfront, borrowing against specific contracts, and even looking to short-term deals that could lead to higher prices, according to the company’s third-quarter earnings.
Neoclouds such as CoreWeave, Nebius and IREN have come under scrutiny this month as investors assessed the sustainability of the AI trade.
The stock was up in premarket trading Wednesday following the report, which analysts said may alleviate investors' worst fears about the company.
CoreWeave’s earnings after the bell could calm fears about its debt-fueled AI buildout — or stoke more fear.
Huang's close ties to the White House are in the firing line
CoreWeave's stock has been hammered heading into the neocloud's Q3 earnings report.
Leading neoclouds CoreWeave and Nebius have both lost about half their value in the past month as they get set for earnings reports this week.
Wayve signed a multi-year deal to train its AI Driver on CoreWeave's Nvidia Blackwell cloud, as CoreWeave pushes into physical AI and its shares slide.
CoreWeave’s CEO wrote to Gina Hinojosa, who campaigned on a data centre moratorium, offering to work on rules for new projects in Texas.
Coreweave's steep yields reflect stress in the AI debt markets as investors worry about a data center slowdown. What comes next.
These are the stocks posting the largest moves in the premarket.
Here are some of the companies making headlines in midday trading.
Despite CoreWeave's steep sell-off and mounting debt concerns, contrarian technology investor Paul Meeks sees significant upside as AI infrastructure demand surges.
Shares of CoreWeave, Nebius and IREN fell as Microsoft's lower-than-expected capex figure points to infrastructure partners taking longer to deliver capacity.