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Bloomberg5d agobearish
Aschenbrenner Tried to Sell Private Stakes Before Citadel Deal

(Bloomberg) -- Situational Awareness tried selling some of its stakes in privately held companies as it rushed to raise cash to meet a barrage of margin calls from its lenders this week. Most Read from BloombergChip Stocks Post Biggest Advance Since April 2025: Markets WrapUS Strikes Iran Again as Conflict Spreads Across Middle EastBond Yields at 19-Year High Send Warsh Credibility WarningWarner Bros. Deal Collapse Would Cost the Ellisons $9.8 BillionMicrosoft’s $450 Billion Jump Is Biggest in S

Bloomberg7d agobearish
AI Boom Spurs Insider Selling by Nvidia, CoreWeave Billionaires

(Bloomberg) -- Executives and investors tied to the AI supply chain were among the biggest insider sellers in the second quarter, taking advantage of a sharp — and volatile — rally in technology stocks.Most Read from BloombergUS Intercepts Iran Attack on Bases, Puncturing Days of CalmSK Hynix Profit Disappoints, Spending Soars to $31 BillionNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsApple Set to Make Big Smart Home Push

Meta building cloud business to sell excess AI capacity, Bloomberg News reports
Reuters35d agobearish
Meta building cloud business to sell excess AI capacity, Bloomberg News reports

Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported ‌on Wednesday citing people familiar with the matter. The move ‌could reduce Meta's reliance on advertising revenue and help it take on major cloud ​companies, including Amazon, Microsoft and Alphabet. Meta did not immediately respond to a request for comment.

Why Rocket Lab stock tumbled on Nasdaq-100 news
TheStreet51d agobearish
Why Rocket Lab stock tumbled on Nasdaq-100 news

After nearly 20 years in business and less than five years as a public company, Rocket Lab Corporation reached a major milestone on Friday when it joined the Nasdaq-100 Index. The entrance placed the space company among the 100 largest non-financial businesses on the Nasdaq Stock Market. Most ...

Slumping AI stocks and rising oil prices halt Wall Street's record-breaking run
Associated Press85d agobearish
Slumping AI stocks and rising oil prices halt Wall Street's record-breaking run

Rising oil prices and a sudden halt for technology stocks are slowing Wall Street’s record-breaking run on Tuesday. After coming into the day with a gain of nearly 179% for the year so far, for example, Micron Technology dropped 3.9%. Also weighing on Wall Street was another rise in oil prices as the war with Iran threatens to drag on.

CoreWeave tops revenue estimates as AI boom supercharges cloud demand
Reuters89d agobearish
CoreWeave tops revenue estimates as AI boom supercharges cloud demand

CoreWeave Inc beat analysts' estimates for quarterly ‌revenue on Thursday, as the ‌specialized cloud provider tapped into strong demand ​for its high-performance computing services used to train and deploy artificial intelligence models. CoreWeave's core advantage lies in its specialized infrastructure and a close relationship with AI chip bellwether Nvidia, which grants it ‌early and large-scale ​access to the ​most sought-after ​AI hardware.The company reported ‌total revenue of $2.08 billion ​for the ​first quarter, compared with analysts' average estimate of $1.97 billion, according ​to data ‌compiled by LSEG.

Cathie Wood sells $11.8 million in Nvidia-backed stock before earnings
TheStreet91d agobearish
Cathie Wood sells $11.8 million in Nvidia-backed stock before earnings

Cathie Wood just made a massive move ahead of a key tech earnings report. The ARK Invest founder trimmed $12 million in CoreWeave (CRWV) stock just days before the company reports earnings in a couple of days' time. On May 4, ARK sold 99,692 shares of CoreWeave across multiple ETFs, locking ...

Stocks Recover From Tuesday OpenAI Selloff
The Wall Street Journal95d agobearish
Stocks Recover From Tuesday OpenAI Selloff

Shares of Oracle, CoreWeave, SoftBank and other firms tied to OpenAI have largely recovered losses from Tuesday, when they slumped after The Wall Street Journal reported that the ChatGPT maker had missed its own targets for revenue and users.