The S&P 500 Index ($SPX ) (SPY ) closed down by -1.09% on Friday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.50%.  December E-mini S&P futures (ESZ26 ) fell -1.14%, and December E-mini...

Stock Indexes Finish Sharply Lower as Tech Stocks Plunge

The S&P 500 Index ($SPX ) (SPY ) is down by -0.06% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.96%.  December E-mini S&P futures (ESZ26 ) are down -0.10%, and December E-mini...

Stock Indexes Mostly Lower as Chipmaker Weakness Persists

The S&P 500 Index ($SPX ) (SPY ) is up by +0.03% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.82%.  December E-mini S&P futures (ESZ26 ) are up +0.05%, and December E-mini...

Stocks are Mixed on Rotation Out of Chipmakers and AI Stocks

Key PointsFor AI companies, huge backlogs don't cover today's bills.

AI Cloud Spending Is Splitting Companies Into the Funded and the Stretched

In early trading on Friday, shares of Honeywell International topped the list of the day's best performing components of the Nasdaq 100 index, trading up 7.5%.  Year to date, Honeywell International registers a 42.2% gain.

And the worst performing Nasdaq 100 component thus far

Nasdaq 100 Movers: CRWV, HONIV  

Key PointsCoreWeave has borrowed over $50 billion to build artificial intelligence (AI) data centers.

CoreWeave Stock Is Crashing. This Could Be Great News for SpaceX Investors.

CoreWeave, Inc. operates as a cloud infrastructure technology company in the United States. The company offers CoreWeave Cloud platform that comprises proprietary software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure at scale. It also offers data and storage solutions, such as Local Object Transport Accelerator; infrastructure control solutions, including CoreWeave Kubernetes service; mission control services, including node, rack, and fleet lifecycle management; model and agent development tools comprising Weights & Biases, an AI developer platform; and runtime acceleration. In addition, the company offers graphics processing unit compute, CPU compute, networking services, managed services, and virtual and bare metal servers. Its services also include visual effects rendering, machine learning, pixel streaming, and batch processing. The company was formerly known as Atlantic Crypto Corporation and changed its name to CoreWeave, Inc. in December 2019. CoreWeave, Inc. was incorporated in 2017 and is based in Livingston, New Jersey.

CoreWeave, Inc. News