Sunday, December 3, 2023

CoreWeave, which offers Nvidia GPUs in the cloud, says it closed a minority stake sale to investors led by Fidelity; sources: the sale values CoreWeave at $7B (Gillian Tan/Bloomberg)

Gillian Tan / Bloomberg:
CoreWeave, which offers Nvidia GPUs in the cloud, says it closed a minority stake sale to investors led by Fidelity; sources: the sale values CoreWeave at $7B  —  - IMCO, JPMorgan Asset Management, Zoom Ventures bet on startup  — Nvidia, Magnetar Capital are among its existing investors



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IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 results below estimates (CNBC)

CNBC : IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 re...