Tag Archives: CNBC

CoreWeave shares rallied more than 10% on Tuesday and looked to bounce back from a lackluster second trading day on the public markets.

As TikTok nears another ban deadline, creators and firms say they believe the Chinese-owned app will remain in the U.S. They are, however, hedging their bets. 

Amazon has resumed making drone deliveries in Texas and Arizona after it halted the program earlier this year.

LightSource, a supply chain software startup, has raised $33 million in a funding round led by Bain Capital and Lightspeed.

The government decision helps clear the path for an initial public offering from one of Nvidia’s challengers in artificial intelligence chips.

Tesla had its third-worst quarter ever in the first three months of the year, a stretch that’s corresponded with Elon Musk’s time with the Trump administration.

After waiting over three years for a billion-dollar-plus IPO from a U.S. tech company, Wall Street’s top banks only got a 2.8% fee.

The combined entity would aim to secure American access to mature chips amid potential risks from China competition and tensions between China and Taiwan.

The new tool, called Nova Act, will compete with other agentic AI tools launched by the likes of OpenAI and Anthropic.

CoreWeave rents out access to Nvidia graphics processing units to other large tech and AI companies including Meta, IBM and Cohere.