CoreWeave secured a $21 billion contract from Meta, expanding a prior $14.2 billion deal and establishing itself as Meta's preferred AI cloud infrastructure partner. This reflects Meta's aggressive scaling of AI capabilities, with capital expenditures projected between $115 and $135 billion in 2026. CoreWeave's stock surged 34% recently, supported by a $66.8 billion revenue backlog and a 168% revenue increase in 2025. NVIDIA also benefits as CoreWeave relies on its GPUs, linking Meta's AI growth directly to NVIDIA's hardware sales.
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...
A group of publishers and authors, including Hachette and Elsevier, filed a class action lawsuit against Google, accusing it of using their copyrighted books to train its AI platform, Gemini, without permission. The lawsuit alleges Google also remove...
