Why CoreWeave’s troubles are rattling the AI boom

October 30, 2026 4:43 PM

Why CoreWeave’s troubles are rattling the AI boom

CoreWeave's mounting debt is raising fresh concerns about the AI boom, as investors question whether demand can justify the billions being borrowed to build data centres.   Shares and bonds of the Nvidia-backed company have tumbled despite its CEO's assurances of a strong contract backlog, fueling a broader selloff in technology stocks.   Here is why investors are worried and what its troubles could mean for the industry.   WHAT DOES COREWEAVE DO?   CoreWeave rents out computing powe...

Intel to cut 15% jobs, suspend dividend in turnaround push

August 2, 2024 11:33 AM

Intel to cut 15% jobs, suspend dividend in turnaround push

Intel said on Thursday it would cut more than 15% of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centered around its loss-making manufacturing business. It also forecast third-quarter revenue below estimates, grappling with a pullback in spending on traditional data center semiconductors and a focus on AI chips, where it lags rivals. Shares of Santa Clara, California-based Intel slumped 20% in extended trade, setting it up to lose...