Tag: billion
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Analysis:Why CoreWeave is in the crosshairs of the AI scare
LONDON/BENGALURU, Oct 16 : Loss-making and deeply indebted US cloud company CoreWeave became an easy target this week for investors concerned about an artificial intelligence bubble. Its selloff, though, has greater significance for markets than its size implies.The slump in the shares and bonds of the $39 bi
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CoreWeave’s CEO sold nearly $1 billion of stock since IPO, filings show
Oct 16 : CoreWeave CEO Michael Intrator and entities linked to him have sold nearly $1 billion of stock, mostly under prearranged trading plans, since the AI cloud company’s IPO in March last year, according to regulatory filings.The sales began about two months after the stock hit a record high in June 2025.
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Euroleague expects rise in value of clubs, competition as NBA eyes Europe
MILAN, Oct 16 : Euroleague Basketball unveiled a 10-year business plan on Friday that forecasts a sharp increase in the value of its clubs and the competition as it presses ahead with expansion after turning down an NBA collaboration offer at a shareholders’ assembly this month.Under the plan, which includes
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Why CoreWeave’s troubles are rattling the AI boom
Oct 15 : CoreWeave’s mounting debt is raising fresh concerns about the AI boom, as investors question whether demand can justify the billions being borrowed to build data centres.Shares and bonds of the Nvidia-backed company have tumbled despite its CEO’s assurances of a strong contract backlog, fueling a bro
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Investors temper Anthropic IPO valuation expectations over revenue growth slowdown, sources say
NEW YORK, Oct 15 : Some current Anthropic investors and prospective investors in its upcoming initial public offering are weighing a lower valuation for the AI company after its latest financial disclosures, four people familiar with the matter said, amid broader concerns over the ballooning cost of financing AI.
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Exclusive-Investors temper Anthropic IPO valuation expectations over revenue growth slowdown, sources say
NEW YORK, Oct 15 : Some current Anthropic investors and prospective investors in its upcoming initial public offering are weighing a lower valuation for the AI company after its latest financial disclosures, four people familiar with the matter said, amid broader concerns over the ballooning cost of financing AI.
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Explainer-Why CoreWeave’s troubles are rattling the AI boom
Oct 15 : CoreWeave’s mounting debt is raising fresh concerns about the AI boom, as investors question whether demand can justify the billions being borrowed to build data centres.Shares and bonds of the Nvidia-backed company have tumbled despite its CEO’s assurances of a strong contract backlog, fueling a bro
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CoreWeave’s slump spotlights growing burden of debt behind AI boom
Oct 15 : Shares and bonds of Nvidia-backed CoreWeave tumbled again on Thursday despite CEO assurances about its strong deal backlog, laying bare a growing crisis of confidence in an AI build-out increasingly financed with borrowed money.The loss-making AI cloud company is burdened with about $50 billion in de
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Wipro deal wins plunge to near four-year low, deepening turnaround worries
BENGALURU, Oct 15 : Wipro’s quarterly deal bookings plunged to an almost four-year low, deepening worries that India’s fourth-largest IT firm is ceding market share to rivals.Thursday’s news dragged down the company’s US-listed shares 4.5 per cent in premarket trading and highlighted CEO Srinivas Pallia’s str
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CoreWeave’s slump puts spotlight on debt behind AI boom
Oct 15 : Shares and bonds of Nvidia-backed CoreWeave tumbled again on Thursday despite CEO assurances about its strong deal backlog, laying bare a growing crisis of confidence in an AI build-out increasingly financed with borrowed money.The loss-making AI cloud company, burdened with about $50 billion in debt
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