Neoclouds such as CoreWeave, Nebius and IREN have come under scrutiny this month as investors assessed the sustainability of the AI trade.
CoreWeave stock pops 12% after outlook raise eases AI slowdown concerns
Source: CNBC
Original reporting
CNBC: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories
The Guardian
ITV to cut show budgets as UK TV and film production spend drops by more than £2bn
Broadcaster plans to make £30m in ‘temporary’ savings before inquiry into takeover by Sky Business live – latest updates ITV plans to slash its programming budget as new figures showed that spend on the production of films and prestige TV shows in the UK is down more than £2bn over the last year. The broadcaster plans to make £30m in “temporary” savings, including £25m in content and £5m elsewhere in the business. Continue reading...
CNBC
CoreWeave CEO says 'new political reality' after midterms won't slow buildout
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.
CNBC
CFTC investigates if Kalshi improperly self-certified event contracts
News of the probe comes after the CFTC ordered Kalshi to take down a sports-related "mention markets" back in August.
The Guardian3 outlets
Nvidia hires major US law firm to investigate spying claims; UK chancellor ‘dismayed’ by budget leak – business live
Rolling coverage of the latest economic and financial news After two days of losses, Nvidia’s stock is expected to recover some lost ground today. Nvidia’s shares are up almost 5% in premarket trading, ahead of the Wall Street open in just over four hour’s time. “The FTSE 100 advanced 0.8% to 10,835, putting it ever closer to hitting the magic 11,000 level. It only needs to rise a further 1.5% to win the prize. Hitting 11,000 would have psychological benefits, and doing so could help win over naysayers who say the UK market has nothing to offer.” Continue reading...
CNBC
Nvidia shares rebound as Jensen Huang faces scrutiny ahead of earnings
Investors are assessing whether CEO Jensen Huang's affair will have spillover effects on Nvidia's business.
CNBC
Fed's Goolsbee calls inflation report 'borderline disturbing' as central bank weighs more hikes
The consumer price index rose more than expected in October, raising alarm among Federal Reserve officials.