Categories: Tech & Auto

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

Nov 11 (Reuters) – CoreWeave jumped more than 20% on Wednesday, igniting a rally in battered AI cloud stocks, as its hefty spending yielded strong revenue growth and the company signaled a pullback

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Share
Published by
Indianews Syndication

Recent Posts

UK watchdog demands competition remedies in $65 billion Unilever-McCormick food deal

By Yadarisa Shabong Nov 11 (Reuters) - Britain's competition watchdog told consumer goods group Unilever…

3 minutes ago

REFILE-China's foreign minister holds call with US Rubio, China's state media reports

(Refiles to add dropped full name of foreign minister) BEIJING, Nov 11 (Reuters) - China's…

10 minutes ago

MotoGP chief defends Qatar GP decision but surprised by Yamaha withdrawal

VIDEO SHOWS: INTERVIEW WITH MOTOGP DEPUTY CEO CARLOS EZPELETA / STILL IMAGES OF QATAR GRAND…

11 minutes ago

Analysis-Drugmakers tap China AI app boom to reach doctors as crackdown upends marketing

By Andrew Silver SHANGHAI, Nov 11 (Reuters) - Drugmakers in China are seizing on a…

14 minutes ago

EU threatens significant fines for unfair online trade practices

By Foo Yun Chee and Bart Biesemans BRUSSELS, Nov 11 (Reuters) - Companies resorting to…

15 minutes ago