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Cloudflare and CoreWeave Slip; IREN-Nvidia Partnership
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Cloudflare (NET) dipped this morning after the company gave a forecast for revenue that fell short of analysts’ expectations. The company said it would slash its current workforce by roughly 1,100 people as it prioritizes artificial intelligence tools in its operating model.
- CoreWeave (CRWV) is lower after it gave a disappointing forecast for the current quarter, with revenue expected to range from $2.45 billion to $2.6 billion.
- IREN Ltd. (IREN) is rising this morning after it was announced Nvidia is investing as much as $2.1 billion in the data center developer IREN Ltd. as part of a broader partnership between the two companies aimed at accelerating the construction of artificial intelligence infrastructure.
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