Topic: stock volatility
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SpaceX drops 6% as record IPO rally loses momentum
SpaceX's stock dropped over 6% on Thursday after its historic $75 billion IPO, though shares remained more than 30% above the offering price, as profit-taking and valuation scrutiny set in. The company's value hinges on its profitable Starlink satellite-internet division and CEO Elon Musk's conce...
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Coreweave CEO: AI Circular Deals Are 'Working Together'
Coreweave's CEO defends its volatile post-IPO trajectory as a natural consequence of pioneering a disruptive AI cloud business model, despite stock price fluctuations and a challenging market debut. The company leverages its vast inventory of Nvidia GPUs as collateral to secure financing for rapi...
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Apple, Microsoft Hit $4 Trillion on AI and Cloud Boom
Apple and Microsoft have each achieved a $4 trillion market capitalization, driven by innovation in artificial intelligence, cloud computing, and strong product sales like the iPhone series. Microsoft's growth is fueled by its strategic partnership with OpenAI and the expanding Azure cloud platfo...
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Meta's AI Ambitions Fueled by Massive Nvidia Chip Deal
Meta has entered a major multiyear partnership with Nvidia to integrate millions of advanced processors, including Grace and Vera CPUs alongside Blackwell and Rubin GPUs, into its data centers to power next-generation AI systems. The deal is notable for its scale and includes the first large-scal...
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Atlassian Cuts 1,600 Jobs and Replaces CTO in Major Shake-Up
Atlassian is laying off 1,600 employees (10% of its workforce) to strategically realign skills and invest in AI, despite recent strong cloud revenue growth and user metrics. The job cuts are concentrated in R&D and across North America, Australia, and India, costing up to $236 million and coincid...
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