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CoreWeave debt concerns trigger selloff in Oracle, AI cloud stocks
Oracle, AI cloud stocks fall as viral chart sparks CoreWeave debt concerns.
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Oracle, AI cloud stocks fall as viral chart sparks CoreWeave debt concerns.
U.S. consumer prices rose at the fastest pace in five months in September, lifting fears of more aggressive Fed rate hikes. Stocks fell as chipmakers led declines, Bank of America trading missed estimates, and Anthropic held a pre-IPO investor day.
Modal Labs raised $750M at a $15.75B valuation, more than triple its May mark, as annualized revenue topped $1B.
Dell fell 11%, leading data center stocks lower after Barclays cut Dell, HPE and NetApp on enterprise AI concerns.
OpenAI’s London staff received an average of £2.3m each in salary and equity in 2025, as the company expands its UK research hub and aims for a $1tn stock market listing. The pay was 58 times the UK median and reflects an intensifying AI talent war.
AI infrastructure and chip stocks fell Wednesday as hotter September inflation data raised the odds of an October rate hike.
Hong Kong's SFC suspended ChaPanda trading over alleged IPO manipulation. ByteDance's Seed unit created a safety and alignment department, Huawei disclosed progress on its next Kirin chip, and DeepSeek's reported financing doubled to about 100 billion yuan.
Qnity, a roughly $25 billion specialty chemicals maker spun off from DuPont about a year ago, supplies materials chipmakers rely on. Its shares are up 47% in 2026, and two research firms began coverage with buy ratings this week.
CoreWeave shares fell sharply and its bond yields approached 15% on Wednesday as investors questioned the debt financing behind the AI build-out. Options traders bet on further declines, while Oracle, Nebius, Iren and Dell also weakened.
Jim Cramer's Charitable Trust sold its last Honeywell Technologies shares at about $209 each, exiting with a 3% loss.
Zenzap, a private AI-powered workplace messenger, has raised $44 million from Bessemer, Lightspeed, The Garage and others. The startup offers chat, task management, AI search and agents to businesses including FedEx, Taco Bell and Starbucks. It plans to hire in product and R&D.
Day 2 of TechCrunch Disrupt 2026 in San Francisco features AI, robotics, venture sessions and a $100,000 contest.
September CPI came in hotter than expected, lifting bond yields and Fed rate-hike odds while stock futures fell. Morgan Stanley beat estimates, Bank of America missed revenue and was fined $1.2 billion, and semiconductor stocks extended losses.
Forgepoint Inc. raised $9.8 million in seed funding to expand Frank, an AI agent that automates request-for-quotation workflows for manufacturers. The round was co-led by Primary Venture Partners and a16z Speedrun.
The IMF has warned that an AI investment correction, higher government bond yields or a major cyberattack could disrupt global markets, as circular deals tie technology companies closer together.
SolarWinds unveiled Avior, an auditable agentic AI system for enterprise IT, while Harmonic Security, Uvi, Evos and CodeWall announced funding for AI agent governance, context, operations and offensive security.
South Korea's KOSPI closed down 0.44% at 6,008.81 on Wednesday, its sixth consecutive decline, after early gains tied to New York Fed comments were erased by ASML's weaker 2026 sales outlook, according to Yonhap.
Seoul shares opened higher Wednesday as tech stocks rebounded, despite Wall Street losses and lingering concerns over AI spending. The KOSPI rose 1.83% by 9:15 a.m.
Big U.S. banks opened earnings season amid a chip selloff on AI-trade concerns. New York Fed's Williams still sees one more hike this year.
At TechCrunch Disrupt in San Francisco, Licube and Helix Carbon pitched lithium-6 enrichment and blast-furnace carbon recycling, while Cambridge Heavy Industries detailed a tabletop laser fusion device and $6.2 million seed round.
Meta Platforms shares rose nearly 3% Tuesday and about 6% over two sessions after the company released its Muse Wonder AI model family, which analysts said puts it at the AI frontier and may open new subscription revenue beyond advertising.
Goldman Sachs beat estimates on strong trading and banking, leading CNBC to upgrade the stock to buy-equivalent.
AI stocks face pressure from OpenAI revenue and China chip concerns, while QQQ options still price bigger moves than delivered, CNBC reports.
Pluto Security emerged from stealth with $42 million in funding, saying rapid AI adoption is creating new enterprise security risks. The startup reports $2 million in ARR and more than 30 enterprise customers.