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Shares of CoreWeave fell about 15% on Friday after the company’s plans to double capital expenditures this year fueled investor concerns about pressure on margins and the effective returns from its artificial intelligence efforts. If current losses hold, CoreWeave is expected to lose more than $8 billion in market value. The cloud infrastructure company has […]
Investors responded to Big Tech’s gains this week with a stark warning: They will forgive record spending that delivers solid growth, but punish companies if they don’t, showing how much the stakes have changed since ChatGPT launched more than three years ago. Revenue at Facebook owner Meta Platforms rose 24% in the December quarter, thanks […]
