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CoreWeave shares surge as record revenue and stronger guidance highlight AI demand
InvestorsHub11d agobullish
CoreWeave shares surge as record revenue and stronger guidance highlight AI demand

CoreWeave (NASDAQ:CRWV) shares jumped more than 15% on Tradegate on Tuesday after the cloud infrastructure provider delivered record revenue for a fifth consecutive quarter, exceeded Wall Street expectations and raised its outlook as demand for artificial intelligence computing capacity remained strong. CoreWeave operates a specialised cloud platform built around large volumes of Nvidia’s advanced graphics processing units.

Meta, 29 states head to court in biggest test yet of youth social media litigation
Reuters11d agoneutral
Meta, 29 states head to court in biggest test yet of youth social media litigation

Meta Platforms will face a coalition of state attorneys general in a California federal court trial beginning on Wednesday over claims it engineered Facebook and Instagram to be addictive to children, a case that could expose the company to massive damages and force it to make sweeping changes to its platforms. The trial in Oakland, expected to last seven weeks, ‌will test Colorado, Kentucky, California and New Jersey's allegations that Meta designed its platforms to keep young users hooked and misled consumers about their safety. It will also address claims by 29 states that the ‌company illegally collected and used children's data in violation of federal law.

New York City Launches Sweeping Investigation Into Polymarket and Kalshi
The Wall Street Journal11d agobearish
New York City Launches Sweeping Investigation Into Polymarket and Kalshi

The New York City Council is investigating four prediction markets for alleged deceptive marketing practices and targeting minors, opening a new front in the bitter, state-by-state legal war over prediction-market regulation. City Council Speaker Julie Menin sent letters to Polymarket, Kalshi, Coinbase and Gemini Titan, all of which have a presence in New York City, on Aug. 11 seeking answers about how the companies comply with consumer protection laws. In a letter addressed to Polymarket founder and Chief Executive Shayne Coplan, Menin asked for details about Polymarket promotional videos that appeared to depict fake trades and promoted insider trading on social media.

Bloomberg11d agobearish
New York City Probes Prediction Markets Over Ads, Social Harms

(Bloomberg) -- The New York City Council is probing the advertising practices of four major prediction market platforms, creating a new front in the legal battles facing the booming industry. Most Read from BloombergPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DriveFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AITata Sons Chairman to Step Down, Deepening Leadership TurmoilPakistan Says Deal Is Close Even as Iran, US Harden StancesTrump Weighs Call for Capital Ga

Forget big tech: the real AI money is in plumbing
Yahoo Finance Video11d agoneutralVIDEO
Forget big tech: the real AI money is in plumbing

Host Kenny Polcari joins Yahoo Finance's Jared Blikre and Founder ETFs' Michael Monaghan to explore the data showing why founder-led companies significantly outperform the market. The panel also breaks down the flawless execution of the SpaceX IPO, the overlooked opportunities in AI infrastructure, and why the next major productivity boom will mirror the historical shift from steam to electricity.

CoreWeave, Super Micro climb on signs of sustained AI buildout
Reuters11d agoneutral
CoreWeave, Super Micro climb on signs of sustained AI buildout

Shares of CoreWeave and Super Micro Computer climbed premarket on Wednesday after ‌upbeat forecasts from the two AI infrastructure companies ‌reinforced demand expectations for computing capacity. Shares of neocloud provider CoreWeave rose more ​than 18%, with peer Nebius Group rising 10%. Server maker Super Micro's shares climbed nearly 9%.

Strong Results from CoreWeave, Super Micro Computer Boost Stock Futures
The Wall Street Journal11d agoneutral
Strong Results from CoreWeave, Super Micro Computer Boost Stock Futures

Stocks tied to the AI trade are back on top this morning after stellar results from CoreWeave and Super Micro Computer. Cloud-computing company CoreWeave reported its fifth consecutive quarter of record revenue and a sales backlog of $104 billion yesterday—in the latest sign of continued strength of demand for AI computing. Server company Super Micro Computer reported sales that nearly doubled in its fiscal fourth quarter and surging profit.

The Leadership Lesson Xero’s CEO Learned From a Tennis Legend
The Wall Street Journal11d agoneutral
The Leadership Lesson Xero’s CEO Learned From a Tennis Legend

When I spoke to Sukhinder Singh Cassidy, CEO of Xero, in early June, she said she didn’t want to talk too much about the company’s share price. Its share price was down more than 50% from one year prior even though the company beat revenue estimates for its fiscal 2026, which ended March 31. The drop was partly attributed to the “SaaS Apocalypse,” but also to investor concerns about the impact of a 2025 acquisition, a move the company made to expand the business in the U.S.

NET Q2 Deep Dive: Agentic AI and Developer Platform Drive Growth, Margins Steady
StockStory11d agoneutral
NET Q2 Deep Dive: Agentic AI and Developer Platform Drive Growth, Margins Steady

Cloud security and performance company Cloudflare (NYSE:NET) reported Q2 CY2026 results exceeding the market’s revenue expectations, with sales up 35.9% year on year to $696.1 million. Guidance for next quarter’s revenue was optimistic at $736.5 million at the midpoint, 2.1% above analysts’ estimates. Its non-GAAP profit of $0.29 per share was 7.5% above analysts’ consensus estimates.

Tesla's AI Future Is Starting to Look a Lot Less Electric
Benzinga11d agoneutral
Tesla's AI Future Is Starting to Look a Lot Less Electric

Tesla Inc. wants investors to see its future in robots, robotaxis and artificial intelligence. But powering that future may require more fossil fuel than the company’s electric-car identity suggests. Tesla and Space Exploration Technologies Corp. are initially investing $16.8 billion...

China's C919 jet makes first international commercial flight
AFP11d agoneutral
China's C919 jet makes first international commercial flight

China's homegrown C919 jet completed its first international commercial flight on Wednesday, a symbolic step towards Beijing's goal of challenging the decades-long aerospace dominance of Boeing and Airbus.The C919 completed its first commercial flight in May 2023, flying from the Chinese financial hub of Shanghai to Beijing.