Overview
- CoreWeave stock traded near $71 on Tuesday, extending a drop of more than 40% over the past month.
- Benzinga reported that Meta is negotiating a multibillion‑dollar deal to lease Google TPUs, posing a potential challenge to CoreWeave’s Nvidia‑based offering.
- Yahoo Finance noted total debt of roughly $14 billion and quarterly interest expense of $310.6 million against operating profit of $51.9 million.
- Revenue for the quarter ended Sept. 30 was about $1.4 billion, more than double the year‑ago period.
- Cathie Wood bought 437,345 shares across two ETFs this week, lifting her total CoreWeave holdings to nearly 0.79 million shares.