CoreWeave sparks AI cloud stock rally, lifts Nvidia as results ease bubble fears

thestar.com.my —

CoreWeave shares surged 10% on Wednesday, sparking a rally in AI cloud stocks after strong revenue growth and reduced borrowing eased fears of an AI bubble. The results also lifted Nvidia by 5%. CoreWeave raised its annual revenue forecast and said cash flow from contracts would cover debt repayments, avoiding unsecured debt markets. This followed weeks of turmoil over debt-fueled expansion and regulatory concerns from the Democratic midterm sweep. Analysts praised the quarter but warned CoreWeave could be hit hard when AI capacity eases. SoftBank's $7 billion net loss on equipment payments highlighted investment risks, while Nebius, Iren, Oracle and Applied Digital gained up to 11.8%.


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