Neocloud companies are sliding even lower. Shares dropped further on Monday after Elon Musk warned that many of them face “guppy-level death.” CoreWeave and Nebius have both fallen more than 30% over the past month, largely due to growing concerns about the debt they’ve taken on to build more data centers. In early premarket trading
Apollo Chief Economic Torsten Slok was on a warpath this past week, issuing a series of warnings about the AI boom as Wall Street retreated from the sector. On Tuesday, he pointed to the recent slowdown in token spending growth, saying the demand curve for compute is flat and highly sensitive to price changes. Meanwhile,
We may earn revenue from the products available on this page and participate in affiliate programs. Learn more › TL;DR: Demystify investing even as you build your portfolio with this lifetime subscription to Sterling Stock Picker for $49.97 (reg. $399). People always say the best financial advice is to invest in stocks. However, understanding the
Stocks are still frothy a day after a brutal rout sent the Nasdaq 100 to its worst day since June. Tech stocks recovered slightly after a round of frenzied selling hit the AI sector yesterday, but the pain spread to blue chip stocks on Friday as investors took in the latest surge in oil prices
The bull market stumbled Thursday, with US stocks seeing a fresh sell-off amid the latest surge in oil prices and continued anxiety over the AI trade. Oil jumped as markets digested a New York Times report that the US and Israel are planning strikes on Iran after the midterm elections. The report, which cited US
Meta is making a big push into AI, and it’s creating a new kind of stock that could help pay for it. On Wednesday, as the company reported its third-quarter earnings, Semafor reported the company might issue non-voting stock, meaning shares that don’t give their owners a vote on company decisions, to help fund its
