CoreWeave's stock jumped 4% following an expanded $21 billion AI cloud partnership with Meta Platforms, extending their agreement through 2032 and increasing Meta's total commitment to $35.2 billion. This deal boosts CoreWeave's revenue backlog to $66.8 billion, signaling rapid growth and strong demand for AI-focused cloud services. Despite heavy debt and negative cash flow, CoreWeave's early access to NVIDIA's next-gen GPU platform and Meta's ambitious AI spending plans position it well for future growth. Investors will watch how the company's $3 billion convertible note offering prices and if stock gains hold amid wider tech sector pressure.
Meta Platforms faces a lawsuit from 26 employees alleging the company used AI tools and automated metrics to select workers for layoffs, disproportionately affecting those on medical, parental, or family leave. The lawsuit claims Meta's AI-driven per...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
A group of current and former Meta employees filed a lawsuit claiming the company used artificial intelligence in its recent layoffs in a discriminatory way. The lawsuit alleges Meta's AI systems ignored approved absences like medical or family leave...
Meta faces a lawsuit from 26 employees accusing the company of using AI tools that unfairly targeted workers with disabilities and those on medical leave during recent layoffs. The suit claims Meta's AI system, including an internal bot and activity ...
Meta Platforms announced it will release its second quarter 2026 financial results after market close on July 29, 2026. The company will hold a conference call at 1:30 p.m. PT to discuss the results, which will be available live via webcast on its in...
