CoreWeave CEO Michael Intrator, left, testifies before the Senate Committee on Commerce, Science and Transportation in Washington on May 8, 2025. Chip Somodevilla | Getty Images Artificial intelligence-oriented cloud infrastructure company CoreWeave said Monday it will acquire Core Scientific, a data center infrastructure provider, in an all-stock deal valued at approximately $9 billion. CoreWeave stock…
Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. David Paul Morris | Bloomberg | Getty Images Design software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol “FIG.” The offering would…
These are the stocks posting the largest moves in midday trading. [title_words_as_hashtags
Check out the companies making headlines before the bell. Nike — Shares of the sneaker giant jumped 10% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, and…
Check out the companies making headlines in after-hours trading: Nike — The athletic retailer fell 2%. While Nike beat expectations on the top and bottom lines in the fiscal fourth quarter, the company said sales dropped 12% from the same period a year prior. CorMedix — The biopharmaceutical stock tumbled 10% after announcing a common…
CNBC’s Jim Cramer on Wednesday picked out five sectors that he thinks are performing well in the current economic environment, and he gave five he thinks are lagging behind. “Things can always change, but for the moment, I expect the winners to keep winning and the losers to keep losing,” Cramer said. Here are Cramer’s…
Here are Tuesday’s biggest calls on Wall Street: Morgan Stanley upgrades Snowflake to overweight from equal weight After a change in analyst coverage, the firm upgraded the stock and says it’s very bullish. “Under new CEO Sridhar Ramaswamy, SNOW has become a better executing and faster innovating company. We see AI creating a long growth…
When Meta CEO Mark Zuckerberg poached Scale AI founder Alexandr Wang last week as part of a $14.3 billion investment in the artificial intelligence startup, he was apparently just getting started. Zuckerberg’s multibillion-dollar AI hiring spree has now turned to Daniel Gross, the CEO of Ilya Sutskever’s startup Safe Superintelligence, and former GitHub CEO Nat…
Philippe Laffont, founder and chief investment officer of Coatue Management LLC. Chris Goddney | Bloomberg | Getty Images While investors may have been put off by bitcoin’s volatility in its early years, a few factors are emerging that will make the flagship crypto a key part of a portfolio, according to Coatue Management’s Philippe Laffont….
CNBC’s Jim Cramer on Monday examined Circle Internet, a stablecoin issuer that made a splash during its market debut last week, saying he’d wait to buy the stock until it has retreated from recent highs. “Circle Internet Group’s a solid company, but the stock, right now, has gotten too hot for me. I can’t recommend…
