CoreWeave Shares Extend Weekly Decline to 25%
CoreWeave stock is having another tough day, bringing its weekly decline to 25%. The cloud company relies primarily on debt to finance its data centers and Nvidia chips, the report says.
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CoreWeave stock is having another tough day, bringing its weekly decline to 25%. The cloud company relies primarily on debt to finance its data centers and Nvidia chips, the report says.
(Updates with afternoon trading) Chips, AI infrastructure companies fall as debt concerns linger S&P 500 and Nasdaq head for steep weekly losses S&P 500 -1.22%, Nasdaq -2.19%, Dow -0.55% By Noel Randewich and Purvi Agarwal Oct 16 (Reuters) — Wall Street tumbled on Friday, with CoreWeave, Broadcom and other AI-related t
Indexes down: Dow 0.03%, S&P 0.56%, Nasdaq 1.3% Chips, neocloud companies slide as debt concerns linger Gains in banks limit Dow's fall, set for weekly gains (Updates with afternoon trade) By Tharuniyaa Lakshmi and Purvi Agarwal Oct 16 (Reuters) — The benchmark S&P 500 and Nasdaq were set to end the week in the red, wi
The Nasdaq composite fell 1.3% in a mixed session as AI-related shares slid after reports of lower-than-expected OpenAI revenue. Oil prices rose after President Donald Trump's remarks on the Middle East war, while Federal Reserve Gov. Christopher Waller said additional rate hikes may be needed.
Bitcoin moved down to around $81,500 in afternoon trade as major U.S. stock indexes stayed lower and Treasury yields eased. The move came alongside broader risk-off action tied to oil, Fed comments and tech-sector weakness.
Bitcoin fell to around $81,500 in afternoon trade as broader markets reacted to higher oil prices and hawkish Federal Reserve comments.
Bitcoin dropped more than 1% to around $82,500 in morning trade as U.S. stocks turned lower and oil surged. The move came alongside broader risk-off sentiment and higher Treasury yields.