Shares in the AI “neocloud” provider CoreWeave fell 15.46% on Wednesday, and were down a further 5.62% in post-market trading, after venture capitalist Chamath Palihapitiya posted on X a chart showing the yield on CoreWeave’s bonds touching 15%. That’s an indicator that investors were demanding a steep premium for holding its debt. “Is the AI…
“I’m not going to say ‘I told you so,’” says Rakesh Kumar. “But it really is ‘I told you so.’” Kumar, a professor of electrical and computer engineering at the University of Illinois Urbana-Champaign and author of Chip Age: How Semiconductors Became the World’s Most Powerful Resource, has spent four years as one of Washington’s…
As winter draws in, Europeans could be forgiven for feeling the summer glow fade as headlines warn of yet higher energy bills and renewed inflation. Yet Europe’s founders and investors see good reason to be optimistic – as long as EU leaders take further action, fast. New data from Norrsken’s European Impact Index 2026 (EII)…
Jewellery stocks, including Shanti Gold International, PC Jeweller and Sky Gold and Diamonds, rose sharply on Friday as mutual fund houses temporarily restricted fresh subscriptions to gold ETF Fund of Funds. With the festive and wedding season approaching, analysts expect resilient gold demand, while organised retailers could benefit from market share gains.
Nuvama has initiated coverage on HFCL with a ‘Buy’ rating and a target price of Rs 380, implying a 56% upside from its reference price of Rs 244. The brokerage expects the company’s shift towards telecom and networking products, along with rising demand from data centres and exports, to drive earnings growth.
The disruption in Ukraine’s use of SpaceX’s satellite internet service for military operations came after President Trump called for an “energy ceasefire” in its war with Russia.
Persistent Systems shares fell 5% despite 7.8% sequential constant-currency revenue growth in Q2FY27, as margin contraction and a sharp decline in profit weighed on sentiment. Brokerages remained divided on the stock amid valuation concerns and acquisition-related costs.