Bloomberg Television10 min
CoreWeave Rallies as AI Demand Drives Stronger Revenue Outlook | Closing Bell
Vonnie Quinn, Jess Menton, Carol Massar, Tim Stenovec
Other
- Charter Communications intends to repurchase approximately $1.5 billion of debt, specifically targeting eight bonds maturing between 2041 and 2062.
- The company is implementing a fundamental business redesign projected to deliver $2 billion in annualized operating expense savings within an 18-month timeframe.
- CoreWeave revised its fiscal year 2026 revenue guidance to a range of $13 billion to $13.3 billion and expects to receive roughly $9 billion in customer prepayments and deposits over the next three months.
- CoreWeave's full-year capital expenditure guidance has been set between $37 billion and $39 billion.
- Antropic's IPO pricing is scheduled for release next Wednesday, with trading commencing the following Thursday.
- Take-Two Interactive's outlook is characterized as conservative ahead of the launch of Grand Theft Auto 6.
- UBS increased its price target for ZipRecruiter to $5 per share from a previous level of $4.50.
- SoftBank has revised its equipment procurement strategy for AI data center projects in the U.S., influencing the performance of GE Vernova shares which closed down 3.9% despite outperforming the day.
- On Holding shares declined 7.5% after direct-to-consumer revenue failed to meet Wall Street estimates.
- NVIDIA's independent board members have engaged a former federal prosecutor to investigate the CEO's relationship with a suspected Chinese spy.
- Bloomberg Economics estimated year-over-year CPI at 3.1%, while the 10-year yield reached 5% and the 30-year yield rose 7 basis points to 5.35%.
- A policy group chaired by Lael Brainard is advocating for a Federal Housing Administration program to encourage a $1,000 down payment for first-time home buyers.