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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 ...

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.