CoreWeave shares closed down 16% on Tuesday after CEO Mike Intrator addressed delays at a third-party data center developer that hit full-year guidance in its latest earnings report. “Quite frankly, every single part of this quarter went exactly as we planned, except for one delay at a singular data center,” Intrator told CNBC’s “Squawk on the Street”…
Duolingo, Doordash and Roblox apps Tiffany Heard-Grear | Bloomberg | Getty Images Across the tech sector this earnings season, companies told Wall Street to get ready for ramped up spending as the artificial intelligence boom accelerates. But while investors largely rewarded the megacaps for their boosted capital expenditure forecasts, or just shrugged off their guidance,…
Michael Intrator, co-founder and CEO of CoreWeave, speaks at the Semafor World Economy Summit during the International Monetary Fund and World Bank Spring meetings in Washington on April 25, 2025. Kent Nishimura | Bloomberg | Getty Images CoreWeave, a provider of infrastructure for artificial intelligence companies, reported better-than-expected third-quarter revenue on Monday, but the company’s…
Almost a year into the second Trump administration, public sector leaders and cybersecurity experts say budget cuts and gutting of federal agencies are weakening critical lines of government communication to help companies prepare and respond to cyberattacks, even as AI threats are rising. The most recent assessment of cybersecurity, based on the goals set forward…
Sopa Images | Lightrocket | Getty Images Nvidia has established itself as the undisputed leader in artificial intelligence chips, selling large quantities of silicon to most of the world’s biggest tech companies en route to a $4.5 trillion market cap. One of Nvidia’s key clients is Google, which has been loading up on the chipmaker’s…
Courtesy: Archer Aviation Archer Aviation‘s stock plummeted 8% after a share sale overshadowed a narrower-than-expected third-quarter loss. The company posted a net loss $129.9 million, narrower than the FactSet estimate of a $178.6 million loss. However, Archer disclosed a $650 million stock offering for 81.25 million shares to support its $126 million acquisition of Hawthorne…
Palantir co-founder and CEO Alex Karp attends meetings at the U.S. Capitol in Washington on Oct. 18, 2023. Jonathan Ernst | Reuters With Palantir’s stock plummeting more than 11% this week despite a better-than-expected earnings report, CEO Alex Karp took aim at investors betting against the software company. Karp, who co-founded Palantir in 2003, went…
Shares of Airbnb rose as much as 5% in extended trading on Thursday after the company reported third-quarter results that beat analysts’ estimates for revenue and offered rosy guidance. Here’s how the company did based on average analysts’ estimates compiled by LSEG: Earnings per share: $2.21 vs. $2.34 cents expected Revenue: $4.10 billion vs. $4.08 billion expected…
Mustafa Suleyman, CEO of Microsoft AI and then CEO and co-founder of Inflection AI, speaks during the Axios BFD event in New York on Oct. 12, 2023. Brendan Mcdermid | Reuters Microsoft on Thursday said it’s forming a team that will be tasked with performing advanced artificial intelligence research. Mustafa Suleyman, CEO of the Microsoft…
David Sacks, White House AI and Crypto Czar, attends a meeting of the White House Task Force on Artificial Intelligence (AI) Education in the East Room at the White House in Washington, D.C., U.S., September 4, 2025. Brian Snyder | Reuters Venture capitalist David Sacks, who is serving as President Donald Trump’s artificial intelligence and crypto czar, said Thursday…
