CoreWeave's shares soared over 14% following its historic $14.2 billion agreement with Meta Platforms to provide vital AI computing infrastructure. This partnership reflects an escalating demand for AI technologies, as major players like Meta invest heavily in enhancing their capabilities. As tech giants continue to race towards AI advancements, industry forecasts indicate that spending in this sector could exceed $2.8 trillion by 2029.
“10-year T-note yield · is down · 2.9 bp · to 4.110%”
“10-year breakeven inflation rate · fell · to a 2.5-week low · at 2.348%”
“German Sep unemployment change · increased · by +14,000 · showing a weaker labor market than expectations of +8,000”
“German Sep CPI · rose · +2.4% y/y · stronger than expectations of +2.2% y/y”
“CoreWeave · is up · more than +14% · after signing a deal with Meta Platforms”
“Roundhill Magnificent Seven ETF · was down · value · 0.6%”
“Meta Platforms · was down · value · 2%”
“Tesla · was down · value · 1.5%”
“Roundhill Magnificent Seven ETF · was down · 0.6% · 0.6%”
“Meta Platforms · was down · 2% · 2%”
“Tesla · was down · 1.5% · 1.5%”
“Alphabet Inc. shares · closed out · biggest quarterly gain · 20 years”
