- Scott Peters
- 13 Aug, 2025
- New York City
CoreWeave Inc. fell 10.4% to $133.25 despite the AI-focused cloud infrastructure provider saying net loss shrank in the June quarter.
Consolidated revenue in the June quarter increased to $1.21 billion from $395 million, net loss decreased to $291 million from $323 million, and diluted losses per share declined to 60 cents from $1.62 a year ago.
CoreWeave guided third-quarter revenue between $1.26 billion and $1.30 billion, compared to $1.21 billion, and adjusted operating income between $160 million and $190 million, compared to $200 million a quarter earlier, respectively.
The company guided full-year revenue between $5.15 billion and $5.35 billion and adjusted operating income between $800 million and $830 million a year earlier, respectively.
CoreWeave has announced a $4 billion expansion deal with OpenAI, building on the previously disclosed $11.9 billion agreement.
CoreWeave announced its acquisition of Core Scientific in a $9 billion all-stock transaction, aiming to vertically integrate its AI infrastructure by gaining ownership of 1.3 GW of data center capacity and eliminating approximately $10 billion in future lease obligations.
The company said it raised $2 billion through the sale of 9.25% Senior Unsecured Notes due 2030, to finance its cloud computing infrastructure development.
CAVA Group Inc. plunged 25% to $64.10 after the Mediterranean restaurant chain reported weaker-than-expected second-quarter revenue growth.
The specialty restaurant company lowered its annual same-store sales growth outlook to between 4% and 6% from the previous range between 6% and 8% released on May 15.
Revenue in the second quarter increased 20.3% to $278.2 million from $234.1 million, net income fell to $18.4 million from $19.7 million, and diluted earnings per share dropped to 16 cents from 17 cents a year ago.
The revenue increase in the quarter was largely driven by new store openings, and the company plans to open between 68 and 70 in the current year.
The company said the 2.1% increase in same-store sales was primarily driven by the price increases and product mix with "flat traffic."
- Scott Peters
- 12 Aug, 2025
- New York City
CoreWeave Inc. fell 10.4% to $133.25 despite the AI-focused cloud infrastructure provider saying net loss shrank in the June quarter.
Consolidated revenue in the June quarter increased to $1.21 billion from $395 million, net loss decreased to $291 million from $323 million, and diluted losses per share declined to 60 cents from $1.62 a year ago.
CoreWeave guided third-quarter revenue between $1.26 billion and $1.30 billion, compared to $1.21 billion, and adjusted operating income between $160 million and $190 million, compared to $200 million a quarter earlier, respectively.
The company guided full-year revenue between $5.15 billion and $5.35 billion and adjusted operating income between $800 million and $830 million a year earlier, respectively.
CoreWeave has announced a $4 billion expansion deal with OpenAI, building on the previously disclosed $11.9 billion agreement.
CoreWeave announced its acquisition of Core Scientific in a $9 billion all-stock transaction, aiming to vertically integrate its AI infrastructure by gaining ownership of 1.3 GW of data center capacity and eliminating approximately $10 billion in future lease obligations.
The company said it raised $2 billion through the sale of 9.25% Senior Unsecured Notes due 2030, to finance its cloud computing infrastructure development.
- Akira Ito
- 13 Aug, 2025
- Tokyo
Japan's benchmark indexes hit new record highs following a rally in overnight trading on Wall Street.
The Nikkei 225 Stock Average and the broader Topix advanced more than 1% as investors doubled down on the hopes of a U.S. rate cut after the policy meeting next month.
Closer to home, producer price inflation dropped to an 11-month low in July, as export-driven companies contend with higher U.S. tariffs.
Producer prices rose at an annual pace of 2.6% in July, slower than 2.9% in the previous month, the Bank of Japan reported Wednesday.
Producer price inflation moderated for the fourth consecutive month, weakening the price growth to the slowest since August 2024.
On a monthly basis, producer prices rose 0.2%, following a downwardly revised 0.1% decrease in June.
Japan Indexes and Stocks
The Nikkei 225 Stock Average advanced 1.6% to 43,394.80, and the broader Topix gained 1.1% to 3,100.43.
Semiconductor equipment makers led the gainers in Tokyo trading.
Tokyo Electron advanced 0.7% to ¥21,680.0, Advantest Corp. jumped 4.9% to ¥11,695.0, and Disco Corp. increased 1.5% to ¥42,820.0.
Sanrio jumped 7.2% to ¥7,706.0, Sony Group advanced 3.6% to ¥4,136.0, and Mitsubishi Heavy Industries added 3.8% to ¥4,109.0.
- Akira Ito
- 13 Aug, 2025
- Tokyo
Japan's benchmark indexes hit new record highs following a rally in overnight trading on Wall Street.
The Nikkei 225 Stock Average and the broader Topix advanced more than 1% as investors doubled down on the hopes of a U.S. rate cut after the policy meeting next month.
Closer to home, producer price inflation dropped to an 11-month low in July, as export-driven companies contend with higher U.S. tariffs.
Producer prices rose at an annual pace of 2.6% in July, slower than 2.9% in the previous month, the Bank of Japan reported Wednesday.
Producer price inflation moderated for the fourth consecutive month, weakening the price growth to the slowest since August 2024.
On a monthly basis, producer prices rose 0.2%, following a downwardly revised 0.1% decrease in June.
Japan Indexes and Stocks
The Nikkei 225 Stock Average advanced 1.6% to 43,394.80, and the broader Topix gained 1.1% to 3,100.43.
Semiconductor equipment makers led the gainers in Tokyo trading.
Tokyo Electron advanced 0.7% to ¥21,680.0, Advantest Corp. jumped 4.9% to ¥11,695.0, and Disco Corp. increased 1.5% to ¥42,820.0.
Sanrio jumped 7.2% to ¥7,706.0, Sony Group advanced 3.6% to ¥4,136.0, and Mitsubishi Heavy Industries added 3.8% to ¥4,109.0.
- Li Chen
- 13 Aug, 2025
- Hong Kong
Stock market indexes in China and Hong Kong soared, tracking gains in New York amid hopes of a rate cut.
The Hang Seng index jumped nearly 2%, and the CSI 300 index advanced 0.9% in the hopes that the cooler-than-expected inflation in the U.S. is likely to spur the Federal Reserve to lower rates at the next policy meeting in September.
In overnight trading, the S&P 500 index and the tech-focused Nasdaq Composite closed at new record highs after the annual consumer price inflation in July was 2.7%, matching the rate in the previous month.
The cooler-than-expected overall inflation showed early signs of the sharp escalation in U.S. tariffs, as retailers gradually passed over higher import duties to consumers.
Core inflation, which excludes energy and food prices, accelerated to 3.1%, confirming the building of underlying inflationary forces.
Benchmark indexes in China and Hong Kong advanced in the hopes that a rate cut in the U.S. will spur more demand for stocks from foreign investors seeking higher returns in emerging markets.
Investors are also awaiting the release of fixed-asset investments, unemployment rates, retail sales, and new home prices data on Friday.
China Evergrande Group Plans to Delist Hong Kong Shares
The property market developers were in focus after China Evergrande Group received a delisting notice from the Hong Kong Stock Exchange.
The company is scheduled to delist its stock on August 25, after the embattled real estate group failed to meet the listing requirements for more than 18 months.
The company's stock was suspended from trading on January 29, 2024, and last traded at 16 Hong Kong cents.
China Indexes and Stocks
The Hang Seng index jumped 1.8% to 25,425.90, and the CSI 300 index edged up 0.9% to 4,179.77.
Tencent Holdings Ltd increased 3.6% to HK $577.0, Alibaba Group Holding gained 4.4% to HK $121.80, and Meituan advanced 3.6% to HK $123.70.