Nvidia-backed startup Coreweave is based in Roseland, New Jersey, with 160 employees. CoreWeave CoreWeave, a cloud infrastructure startup that rents out graphics processing units to companies, said Wednesday that it has raised $1.1 billion in funding. The new investment values the company at $19 billion, up from $7 billion months ago, a person familiar with … Read more
The Super Micro Computer logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Super Micro Computer shares plunged 18% on Wednesday morning after the server company upped its top-line guidance but reported third-quarter revenue that slightly missed estimates. The company on Tuesday posted revenue of $3.85 billion, … Read more
Lisa Su, chair and CEO of Advanced Micro Devices, left, and Charles Liang, CEO of Super Micro Computer, speak at the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Super Micro shares slipped as much as 12% in extended trading on Tuesday after … Read more
Intel CEO Pat Gelsinger speaks while showing silicon wafers during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Seth Wenig | AP Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the stock down 10% on Friday to their lowest level of the … Read more
Fotografielink | Istock | Getty Images Artificial intelligence has shaken up the investing landscape since the groundbreaking launch of ChatGPT in November 2022. Since then, investors have poured money into all things related to AI as they hunt for the next big winners. In 2023, a group of major technology players dubbed the Magnificent Seven … Read more
At law school, we learned about “proximate cause,” one of the few valuable concepts you can take from three years of drudgery. It’s about who and what caused the injury and who pays for it. The current stock market lends itself to proximate causes, as in, “We have to find a cause for the pronounced … Read more
David Paul Morris | Bloomberg | Getty Images Super Micro Computer shares plunged 18% on Friday as investors scaled back their holdings of one of the market’s hottest stocks ahead of earnings later this month. Shares of Super Micro, which joined the S&P 500 in March, are still up about 168% this year after climbing … Read more
Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel on Tuesday unveiled its latest artificial intelligence chip, called Gaudi 3, as chipmakers rush to produce semiconductors that can train and deploy big AI models, such as the one underpinning … Read more
It was a great first quarter of the year for stocks. The S & P 500 jumped 10.16% over the first three months and notched a series of all-time highs, including in Thursday’s session. It marked the index’s best first quarter in half a decade. The Dow Jones Industrial Average and Nasdaq also had strong … Read more
My top 10 things to watch Monday, March 25 1. U.S. stock futures were slightly lower Monday morning to kick off the final week of March. All three major benchmarks crossed new all-time high levels last week and are on track for their fifth consecutive month of gains. Looking ahead this week, Friday is the … Read more
