As CoreWeave shares plunged and dragged much of the AI sector lower, investors are looking for ways to hedge AI risk. Hyperbolic, a 50-person fintech startup led by former Citadel Securities quant Jasper Zhang, runs a spot marketplace for GPU computing power that lets traders buy, sell and control GPU clusters. The company has raised $20 million since its 2022 launch, expects a $150 million annualized run rate by year-end, and says it has about 250,000 users. Meanwhile, CME Group plans a cash-settled futures product tied to GPU pricing from Silicon Data, which is under CFTC review, with the review period extended to November 9th. Hyperbolic's Kim argued that cash futures need physical usage data to stay tied to reality, while Zhang said cash-settled futures alone do not put idle GPUs to work.
Summary written by Upside AI from the original article. Read the source for full details.
Keywords
artificial intelligencefuturescloud computingCoreWeave
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- What Could Go Wrong At CoreWeave From Here?
CoreWeave shares (CRWV) have fallen 55.4% over the past year, while the S&P 500 returned 15.1%. AI cloud platform revenue reached $7.59 billion over the twelve months to June 30, 2026, up 115.3%, and backlog stood at $104.2 billion, up 246%. The main risk is local pushback against new data centers, with some communities adopting moratoriums on new building, as the company had 1.5 gigawatts of active power at the end of fiscal Q2 2026 against a goal of at least 8 gigawatts by 2030. Management said regulatory pushback will not affect its guided numbers and raised its end-2026 active power goal to more than 1.85 gigawatts from more than 1.7 gigawatts. The article calls the threat real but slow, with active power in the November 2026 report as the key measure to watch.
- Neocloud stocks fall as Elon Musk says more than 200 of them face 'guppy-level death'
Shares of Nebius, CoreWeave and Iren fell more than 4% in premarket trading after Elon Musk said on X that more than 200 companies in the sector could collapse. Musk said debt markets have almost entirely shut off funding for firms without substantial revenue independent of AI data centers, and that the 200+ neoclouds face "guppy-level death and consolidation." He was replying to Chamath Palihapitiya, who warned of partially stranded compute in 2027. Over the past month, CoreWeave and Nebius have fallen more than 30% and Iren has tanked 40%, after the spread on CoreWeave's five-year credit default swaps reached levels generally viewed as signs of distress.
- From Crypto Roots to AI Selloff: Why CoreWeave Is Under Pressure
- Elon Musk Says 200+ AI Cloud Firms Face Wipeout: Will CoreWeave Survive?
- CRWV Stock Warning: Why Bernstein Says CoreWeave Shares Haven’t Bottomed Out Yet
- Fastly Jumps 8% as Cloud Rebound Broadens; Nebius Ticks Up, CoreWeave Slips
Fastly (FSLY) shares rose 8% to $24.18, far outpacing the First Trust Cloud Computing ETF (SKYY), up 2% at $167.36, and the SPDR S&P 500 ETF Trust (SPY), down 0.2% at $762.42. Nebius Group (NBIS) gained 1% to $161.31 and CoreWeave (CRWV) slipped 1% to $54.85, and both rent out GPU computing capacity for AI workloads, so their moves did not track Fastly. Fastly runs an edge cloud network that delivers and secures web content, and it recently expanded its partnership with Jio Platforms to power the upgraded JioCDN across India, though the article notes it is unclear whether that deal is linked to today's gain. The article cautions that a sharp one-session jump can fade quickly if the broader market keeps slipping, and says Fastly's next quarterly report should show whether the Jio partnership contributes.
Related markets
Latest news
- Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting. The Reason Is Obvious.
Micron (MU) posted record fiscal fourth-quarter results, with revenue of $54.2 billion, up nearly 380% year over year, and EPS of $32.87, and guided to $61.5 billion in revenue for fiscal Q1 2027. Despite this, the stock has fallen roughly 20% since the report and was about 29% below its all-time high as of Oct. 22. The article attributes the sell-off to concerns about the sustainability of AI capital spending, high valuations and whether the memory industry's unusually high profitability will last, while the iShares Semiconductor ETF has declined 15% since the report. The author views the forward P/E of about 7 as modest and believes investors may have already priced in considerable downside risk.
- YYForce Applauds Tesla and Elon Musk on Commencing Manufacturing of Optimus Humanoid Robots
YYForce Inc. (NASDAQ: YFOR) congratulated Tesla and Elon Musk after Tesla said production of its Optimus humanoid robot has begun in Fremont, California, a phase Tesla describes as early ramp. YYForce plans to deploy its first humanoid robot at Novotel Singapore on Stevens in early November 2026 to evaluate hospitality applications, with the scope depending on technical readiness and initial results. The company stresses that this is a separate initiative: the release announces no partnership or endorsement involving Tesla, and the robot to be deployed is not a Tesla Optimus.
- Elon Musk predicts many neoclouds will experience 'guppy-level death'
SpaceX (SPCX) confirmed it has closed a $40 billion finance lease deal for Nvidia (NVDA) AI chips, backed by Apollo. Elon Musk said debt markets have largely stopped lending to neoclouds that rely on revenue to pay for data centers, and that more than 200 neoclouds will see "guppy-level death" through consolidation, with few surviving. The $40 billion deal has not yet priced; Bloomberg reported its debt could price at around 8%, above earlier expectations, while CoreWeave's debt is trading at about 15%. Chamath, an AI bull, also said it will be a consolidation year for a few. The hosts noted Musk's comments may be self-serving, or aimed at talking prices down so he can pick up more computing capacity.
- Moderna Tumbles 7% as Cancer Vaccine Selloff Deepens; BioNTech Falls 3%, Pfizer Holds Steady
Moderna shares fell 7% to $185.74 in morning trading after its personalized melanoma vaccine, intismeran autogene, given with Keytruda, met its primary goal of reducing the risk of recurrence or death, but its effect on distant metastasis was far smaller than an earlier mid-stage study suggested. Detailed late-stage results were released on October 22 ahead of a conference in Madrid. BioNTech fell 3% to $85.65, Merck fell 0.2% to $145.61 and Pfizer fell 0.2% to $29.96, while the iShares Biotechnology ETF rose 0.2% to $208.21. The article notes Moderna's business relies entirely on mRNA medicines, so the vaccine carries a large share of its pipeline value, and says the next step is whether the full dataset supports a regulatory filing.
- HOOD’s prediction markets to add $1.7B to revenue, exceed crypto by 2028: Bernstein
Bernstein raised its revenue estimates for Robinhood Markets (HOOD) for 2026, 2027 and 2028 by 3%, 4% and 3% respectively, and kept its $160 price target unchanged. The firm expects prediction markets to grow from about $650 million this year to $1.7 billion in 2028, surpassing projected crypto-based revenue of $1.6 billion and accounting for roughly 18% of the projected $9.4 billion in total 2028 revenue. Bernstein expects Q3 revenue to rise 13% quarter over quarter to around $1.5 billion, driven by equity, options and event contract volumes and a recovery in crypto trading. HOOD was set to open lower, with premarket trading at $93.60, and is down more than 29% over the past 12 months.
- One Catalyst Could Completely Change the Tesla Stock Story
The article argues that the unsupervised Robotaxi fleet could decide the Tesla stock story, but its economics have not yet shown up in reported results. The 24/7 Wall St. model sets a price target of $404.84, 8.1% above the $374.58 close on October 22, and rates the stock hold because it sees shares trading near fair value. In Q3, revenue of $28.05 billion and EPS of $0.48 beat estimates, but operating income fell 55.79% as R&D rose to $2.76 billion and battery supply limited deliveries to 486,532 vehicles. Free cash flow dropped 61.63% to $1.53 billion, while management expects about $20 billion in capex this year. Traders put 65.5% odds on a SpaceX merger being announced by the end of 2027.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.