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Real-time News
Supermicro (SMCI.O) CFO: Demand for upgrading computing, storage, and networking infrastructure increased among enterprise and channel customers in the fourth quarter.Supermicro (SMCI.O) CFO: In fiscal year 2026, the company will have nine customers with revenues exceeding $1 billion, compared to only four in fiscal year 2025.US President Trump: Medicaid will no longer provide funding for gender reassignment surgery and hormone therapy for minors.A U.S. judge blocked the postal service from restricting mail-in voting under a Trump order.On August 12th, CoreWeave (CRWV.O) rose 12% in after-hours trading on Tuesday after reporting second-quarter revenue of $2.58 billion, a 112% year-over-year increase, exceeding Wall Street expectations and indicating continued rapid growth in demand for AI computing power. Net loss was $626 million, higher than the $290 million loss in the same period last year. The company currently has a $104 billion order backlog and 1.5 gigawatts of capacity under construction. CoreWeave is accelerating its expansion in the data center business, competing with cloud computing giants such as Amazon, Google, and Microsoft for the market of data centers equipped with chips capable of running generative AI models. However, CoreWeave is not yet profitable. As of the end of the quarter, the companys balance sheet showed $35 billion in debt, used to pay for Nvidia GPUs and other equipment purchases. Meta announced an additional $21 billion investment in CoreWeave this quarter. In addition, CoreWeave announced a multi-year partnership agreement with Anthropic and secured $6 billion in committed funding from quantitative trading firm Jane Street.
