Nvidia-Linked Shares Fall. CoreWeave Down over 12%; Applied Digital Down 8%; Nvidia, Innoviz, SoundHound AI Down Around 3%; Nebius Down 2%
Tiger Newspress
Yesterday
Nvidia-linked shares fell on Tuesday. CoreWeave down over 12%; Applied Digital down 8%; Nvidia, Innoviz, SoundHound AI down around 3%; Nebius down 2%.
CoreWeave trimmed annual revenue forecast, hurt by a delay at a third-party data center partner, taking the shine off a strong September quarter driven by burgeoning demand for AI cloud services.
Nebius Group has signed a deal worth about $3 billion with Meta to provide the Facebook owner with AI infrastructure over a five-year period, the company said on Tuesday, after it reported a more than fourfold rise in third-quarter revenue.
The company's shares seesawed in volatile, after it posted a surge in capital spending and a quarterly loss of over $100 million, widening from $39.7 million last year.
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