CoreWeave Loses 40% of Its Value, OpenAI Revenue Surges Sharply
What Has Been Happening on the U.S. Stock Market in Recent Days
In the U.S. on Wednesday, S&P 500 futures rose by 0.6%, Nasdaq 100 by 1.5%, and Dow by 0.2%. The growth followed a decline in the main indices during the previous session.
Sentiment in the AI sector was bolstered by CoreWeave’s positive forecast, Anthropic’s filing of documents ahead of a potential IPO, and reports of a sharp increase in OpenAI’s quarterly revenue. Anthropic’s banks, as reported, are considering raising the company’s valuation ahead of the offering.
Meanwhile, the bond market is under pressure. Higher-than-expected inflation in the U.S. and hawkish statements from Federal Reserve officials have heightened expectations of a more aggressive rate hike. CoreWeave’s shares have lost over 40% of their value in the past month, and the company’s debt has reached approximately $50 billion.
