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Trump was supposed to unlock IPO market, but CoreWeave debut reflects ongoing skepticism
CoreWeave Inc. signage during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Friday, March 28, 2025. Michael Nagle | Bloomberg | Getty Images It wasn’t supposed to go down like this. The Trump presidency was set to usher in a rush of money to the markets, spurred by a […]
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CoreWeave set to begin trading
Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, gestures during the company’s IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. Brendan Mcdermid | Reuters Artificial intelligence cloud provider CoreWeave is set to make its Nasdaq debut on Friday. The company priced shares at $40 in its […]
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CoreWeave prices IPO at $40 a share, below expected range
Michael Intrator, co-founder and CEO of CoreWeave, speaks at Web Summit in Lisbon, Portugal, on Nov. 13, 2024. Carlos Rodrigues | Sportsfile | Web Summit | Getty Images CoreWeave on Thursday priced shares at $40 in the company’s IPO, raising $1.5 billion in the biggest U.S. tech offering since 2021, CNBC has confirmed. The company, […]
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Former Intel CEO Pat Gelsinger jumps to venture capital, joins Playground Global
From left, Playground Global partners Peter Barrett, Pat Gelsinger, Jory Bell, Bruce Leak and Ben Kim. Playground Global After a tumultuous four years running Intel, Pat Gelsinger is going into venture capital. Gelsinger, who was ousted by the chipmaker in December, has joined Playground Global as a general partner. Started in 2015 by a group […]
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OpenAI expects revenue will triple to $12.7 billion this year, source says
OpenAI CEO Sam Altman speaks at a panel discussion on potentials, perspectives and challenges in the age of Artificial Intelligence (AI) at the Technical University (TU) in Berlin on February 7, 2025. John Macdougall | Afp | Getty Images OpenAI expects revenue will triple to $12.7 billion in 2025, CNBC has confirmed. Bloomberg was first […]
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Google quantum exec says tech is ‘5 years out from a real breakout’
A handout picture from October 2019 shows Sundar Pichai with one of Google’s Quantum Computers in the Santa Barbara lab, California, U.S. Picture taken in October 2019. Google/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. Handout . | Reuters One of Google’s top executives working on quantum computers said he believe […]
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Morgan Stanley’s near-term rally call: CIO Mike Wilson sees beaten-up Mag 7 stocks as winners
Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the […]
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Investors would have been better off buying Berkshire Hathaway shares than Mag 7 to start 2024
The Magnificent 7 tech magacaps fueled the AI-powered bull market, but lately Warren Buffett’s old-economy conglomerate Berkshire Hathaway is coming out on top. The CNBC Magnificent 7 Index, consisting of Apple , Alphabet , Nvidia , Microsoft , Tesla , Meta and Amazon , is up 43.4% since the beginning of 2024. Berkshire has handily […]
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Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008
Microsoft CEO Satya Nadella speaks at the Microsoft Build AI Day event in Bangkok, Thailand, on May 1, 2024. Chalinee Thirasupa | Reuters With about 10 minutes left until the market’s close, Microsoft’s stock was down for the week. It would’ve been the first eight-week losing streak since 2008. But the shares popped just before […]
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Why startups and tech giants are racing to build a practical quantum computer
Technology giants Amazon, IBM, Google, Intel and Microsoft are all working on quantum technology, as are various other companies like Rigetti, IonQ, Quantum Computing Inc. and D-Wave Quantum Inc. The latest entrant into the space is Nvidia, with CEO Jensen Huang announcing in March that the company will build a quantum computing research center in […]
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