CoreWeave issues a new risk warning: Switching from NVIDIA chips to other chips will face difficulties.
CoreWeave Inc. has warned investors that shifting away from its current exclusive use of Nvidia AI chips could require significant time and capital. In a Wednesday regulatory filing, CoreWeave stated that changes in customer demand may force the company to invest "time, capital, and resources" to obtain alternative products to Nvidia GPUs. The company cautioned that this could ultimately impact its ability to deliver required products to clients.
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Nebius's stock closed up over 34%, marking its largest gain since September last year.
According to market data from BIT (bit.com), Nebius, a leading neo-cloud player, closed 34.14% higher, marking its largest single-day gain since September last year, though it fell 2.01% in after-hours trading. Earlier reports noted that Nebius (ticker: NBIS) released its second-quarter financial results: the company’s Q2 revenue reached $582.3 million, a 454% increase from $105.1 million in the same period last year. Adjusted EBITDA for Q2 stood at $236.2 million, compared to a net loss of $21 million in the year-ago quarter, turning profitable. Its adjusted net loss narrowed 64% to $33.2 million, down from $91.5 million in the same quarter last year. However, the company’s net loss from continuing operations in Q2 was $190.4 million, versus a net profit of $502.5 million in the year-ago period. For the first half of 2026, Nebius’ cumulative revenue totaled $981.3 million, up 529% year-over-year; adjusted EBITDA reached $365.7 million, compared to a net loss of $74.7 million in the same period last year.
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Sources familiar with the matter: Google's restructured division is focusing full efforts on developing Gemini.
According to Reuters, citing sources, Alphabet (GOOG.O), Google’s parent company, is implementing a large-scale leadership reshuffle at Google DeepMind, with some teams set to move from DeepMind to Google’s enterprise division, further weakening DeepMind’s autonomy. Sources said Google co-founder Sergey Brin has in recent months urged core AI staff to “go all in” on the Gemini model and advance AI research directions such as “recursive self-improvement.” After the adjustment, DeepMind head Demis Hassabis will shift to chairman, while his deputy Koray Kavukcuoglu will take over leadership duties. Google stated that Kavukcuoglu will hold final decision-making power over major DeepMind matters. Sources added that internal tests show the new flagship Gemini model still lags behind competitors in areas like programming, prompting Google to push back its launch by two months. Analysts believe Alphabet’s latest restructuring aims to accelerate AI commercialization and regain a competitive edge in model development, though some employees worry DeepMind’s long-term research autonomy may decline further.
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Paid Early Access to Trump-Related News Sparks Resistance From Trading Institutions
According to people familiar with the matter, the Truth API data service launched by Trump’s media company is facing resistance from some trading firms. While several trading institutions have signed contracts to use the service, firms including Hudson River Trading and Citadel Securities have stated they are unwilling to pay for it, arguing it is not a necessary requirement for trading operations. The sources requested anonymity due to the non-public nature of the information involved. Analysts note that existing insider trading regulations do not explicitly cover scenarios where a sitting president uses their media platform to publish market-moving information, or sells faster access to such information to the market. Karen Woody, a professor at Washington and Lee University School of Law, said the past regulatory framework did not anticipate that a sitting president might take such actions. Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), previously stated in an interview that the SEC is monitoring developments related to the Truth API data stream.
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Optical communications giant Coherent's earnings and guidance beat market expectations across the board.
Coherent’s Q4 fiscal quarter revenue hit $2.05 billion, up 34% year-over-year, exceeding the expected range of $1.98–$2.02 billion. Non-GAAP earnings per share (EPS) came in at $1.74, also beating the forecast of $1.62–$1.65. The company projected Q1 fiscal quarter revenue of $2.20–$2.40 billion, above the consensus estimate of $2.13 billion, with adjusted EPS expected to reach $1.85–$2.05, surpassing the $1.77 forecast.
Per market data from BIT (bit.com), despite the company’s full performance and guidance beating market expectations, short-term profit-taking pressure weighed on post-market trading, pushing shares down as much as 5%. During regular trading hours ahead of the earnings release, Coherent’s stock surged 8% and has rallied sharply in recent weeks, as market expectations for explosive demand for optical interconnects in AI data centers have been fully priced in.
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