CoreWeave shares tumbled as much as 10% in extended trading on Thursday after the AI infrastructure provider issued light revenue guidance and increased its 2026 capital spending forecast. Here’s how the company did in comparison with LSEG consensus: Earnings per share: Loss of $1.12 adjusted vs. loss of 90 cents expected Revenue: $2.08 billion vs….
I am growing tired of the endless bubble talk about all of the data center spending. It’s obvious from this quarter that the bubble talk has been proven wrong; try getting someone to say that, though. So, who do I think I am to go there? Just an observer. One who believes that this was…
Sebastien Bozon | Afp | Getty Images The last time tech’s hyperscalers addressed Wall Street, three months ago, they announced plans to collectively spend well over half a trillion dollars this year to build out their artificial intelligence infrastructure. That was before the U.S. invaded Iran, causing oil prices to spike, and leading to a…
OpenAI and Microsoft on Monday announced a revamped partnership agreement that will allow the artificial intelligence company to cap revenue share payments and serve customers across any cloud provider. As part of the new agreement, the companies said revenue share payments from OpenAI to Microsoft will be “subject to a total cap,” but they will…