Rumble's stock surged 10% after reports linked AI lab Anthropic to its $13.7 billion six-year compute contract, a deal not yet confirmed by either party. This contract could convert Rumble's cloud pivot into steady revenue and includes an option for Anthropic to buy up to 51 million shares at a very low price. Meanwhile, competitors CoreWeave and Nebius dropped 9% amid market pressure and cautious sentiment in the rented-compute sector. Investors will watch for official confirmation, construction progress at Rumble's new Georgia data center, and financing details to gauge if this rally is sustainable.
Anthropic has committed to $517 billion in computing resources over the next decade, primarily powered by NVIDIA technology, ahead of its upcoming IPO. This massive investment significantly exceeds previous forecasts and highlights the soaring demand...
Leopold Aschenbrenner's hedge fund, Situational Awareness, has started buying options in stocks like AMD, Bloom Energy, and Coreweave after its assets fell from over $45 billion to about $10 billion. The fund had to sell off public equity positions i...
Oracle's stock surged 7% following its fiscal Q1 earnings, driven by a massive $664 billion AI cloud backlog and 121% growth in cloud infrastructure revenue. The backlog reflects strong demand and contracts that are beginning to convert into revenue,...
While Nvidia leads the AI chip market, three other companies—CoreWeave, Vertiv, and Arista Networks—are driving growth in the essential physical layers of AI data centers: GPU cloud capacity, power and cooling systems, and AI networking fabrics. Core...
CoreWeave's stock dropped 5% even after investor Michael Burry closed his high-profile AI short position, signaling concerns beyond demand, mainly about CoreWeave's heavy debt and cash flow issues. Oracle's shares fell 3% ahead of its fiscal Q1 2027 ...
