CoreWeave Lifts 2026 Outlook as Revenue Jumps 168%
CoreWeave beat third-quarter revenue estimates and raised its full-year forecast, while its finance chief said the firm will avoid new unsecured parent-level debt at current yields.
Markets & Earnings
CoreWeave and Nebius Report With Their Debt Under Scrutiny
Two AI cloud providers that lost about half their value in a month report earnings this week. Investors are waiting to hear how both plan to fund growth.
Europe and Asia Sell Off Stocks After a US Tech Rout
Markets in Asia and Europe dropped on Friday after Wall Street's tech slide. One analyst warns of more selling to come, another does not see an unwinding of the AI trade.
Nasdaq Enters Correction as AI Fears Hit Wall Street
Stocks fell sharply on Thursday as investors worried the AI build-out could slow. The Nasdaq dropped 5.5%, and the Magnificent Seven lost more than $1 trillion in market value.
IREN Pushes $4B in Revenue to at Least January
AI cloud company IREN says over $4 billion in annual recurring revenue slips to at least January at Microsoft's request. Quarterly revenue rose 66% to $228 million.
E.l.f. Beauty Sales Climb 51% and Full-Year Guidance Goes Up
E.l.f. Beauty beat Wall Street estimates for its second fiscal quarter and lifted every key full-year target. International sales grew 165%.