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- CoreWeave Falls 4% as HSBC Reiterates Bearish Call on Debt Risk; Nebius Drops 5%, Oracle Holds Steady
CoreWeave (CRWV) fell 4% to $58.67 and Nebius (NBIS) dropped 5% to $162.20 in morning trading, while Oracle (ORCL) edged down 0.52% to $128.95. HSBC repeated its Reduce rating on CoreWeave, and the pressure is concentrated in debt-funded AI cloud providers as borrowing costs rise, with Nebius falling further than CoreWeave even though the note named only CoreWeave. CoreWeave touched a new one-year low on Monday, and its bond yields and credit default swap pricing are at distressed levels. The First Trust Cloud Computing ETF (SKYY) was unchanged at $161.08, and the Invesco QQQ Trust (QQQ) fell 0.75% to $712.98, indicating the damage is contained.
- Nebius Stock Price Prediction 2026 – 2030 : Can AI Cloud Growth Justify the Cost ?
- Coreweave Keeps Getting Crushed: This Analyst Says It's Going to Quadruple In Price
CoreWeave shares fell to $61.12, near their 52-week low, after bond yields briefly rose above 16% and the cost of insuring its debt hit records above 1,000 basis points amid rate-hike fears and a $50 billion debt load. Second-quarter interest expense reached $640 million, up from $267 million a year earlier. Of 42 analysts, the average price target of $140.58 implies about 130% upside, with Rosenblatt's $250 target the most bullish, and Goldman upgraded the stock to Buy. Second-quarter revenue rose 112.3% to $2.575 billion and backlog reached $104 billion, but free cash flow was negative $5.74 billion last quarter, so the bullish case depends on continued access to capital markets.
- llm-d 1.0 Advances Open, Cost-Efficient AI Inference for Production Scale
The llm-d project announced llm-d 1.0, an open source milestone designed to help organizations deploy and scale large language model inference more efficiently. Recent demonstrations showed cost reductions of up to five to 10 times for context-heavy agentic workloads and three times greater output throughput. The release adds multi-tenant quality of service, zero-downtime operations, coordinated management of prefill and decode replicas, a stable v1 configuration API, and agent-aware serving with session-aware routing. Founded in 2025 by Red Hat, IBM, Google Cloud, CoreWeave and NVIDIA and now governed by the CNCF, the project has more than 500 contributors from over 25 organizations. In one IBM Research use case, the setup achieved 11.5 times lower inference cost than an all-proprietary configuration, with a prefix-cache hit rate of about 98%.
- IREN Co-CEO Daniel Roberts Says Firm’s Data Centers Carry No Debt As Funding Worries Hit Stock
IREN shares edged lower in pre-market trading after co-CEO Daniel Roberts said its data centers carry no debt and have been paid for in cash so far, responding to investor concern over funding. He said customers sign multi-year take-or-pay contracts, with prepayments covering 45% to 55% of GPU costs on recent three-year deals and lenders funding most of the rest, with GPUs as collateral. The Microsoft contract is backed by an A-rated facility at about 6%, which together with prepayments covers 96% of GPU spending. Roberts said demand exceeds supply, with 2026 capacity largely sold out, 2027 several times oversubscribed, and recent three-year contracts priced at more than double last year's level. The stock fell over 4% to $26 pre-market amid pressure on neoclouds after debt worries at CoreWeave.
- Morning Bid : Rain from the neocloud
French stocks and bonds have come under pressure after a week of street riots and protests, with French debt yields hitting fresh 24-year highs and risk spreads versus Germany nearing recent peaks. Tech stocks briefly recovered on Wall Street, but selling resumed in Asia, where South Korea's KOSPI slid again and local data center builder Elice's IPO plunged 30% on debut, refocusing attention on 'neocloud' firms after CoreWeave plummeted last week. Brent crude kept probing five-month highs above $111 per barrel amid Middle East violence, while European natural gas hit four-year highs on the Ukraine conflict. Trump's approval rating fell to a record low of 31% in a Reuters/Ipsos poll ahead of the November 3 midterm elections.
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Stocks were mixed on Tuesday as chip stocks gave up the previous session's rebound while oil prices climbed. Brent crude hovered near a 5-month high at $110 per barrel and WTI traded just below $100, following Houthi rebel attacks on Saudi Arabia amid the ongoing Middle East conflict. The tech sector fell, led by Nvidia (NVDA) and AMD (AMD), while memory makers Micron (MU) and SK Hynix (SKHY) also declined as Monday's rebound in the AI trade faded. Investors focused on earnings from GM, GE Aerospace and RTX released Tuesday, with SpaceX, Tesla and Meta also expected to report later in the week.
- Salesforce announces $5.66 billion deal for Braze, sending BRZE stock soaring 50%
Salesforce agreed to buy customer engagement platform Braze for about $5.66 billion, with Braze Class A holders receiving $47.50 in cash per share and closing expected in fiscal 2028, according to a Salesforce blog. Salesforce shares slipped about 1% Tuesday morning, while BRZE soared more than 50% after a brief premarket halt, from a $30.04 close on Monday. Braze makes AI marketing tools for managing customer data and messaging, and CEO Bill Magnuson said Salesforce's platform will help the company innovate faster.
- SpaceX reports after the bell. Here's what options traders expect
SpaceX reports earnings after the bell on Tuesday. Over the past three months it delivered four astronauts to the International Space Station in record time, expanded its mobile network spectrum, was reportedly eyeing a $40 billion debt deal to buy Nvidia chips, and CEO Elon Musk said he plans to give shares to every kid in America next year. Options market-makers price a roughly 6% move after the report, per Cboe LiveVol data, less than half the 13% erased after its August debut report. The stock rallied 60% over the following two months before reversing, dropping as much as 19% in the past two weeks. Monday's 1.1 million contracts traded were 20% above the 30-day average, with 665,000 calls, and implied volatility is 62 versus above 110 before second-quarter earnings. Two lockup releases, one two days after earnings and one on October 26, together cover over 1.6 billion shares, while earlier releases on Sep. 9, 10 and 24 had no discernible effect.
- Hedge Funds Dumped Tech Stocks at the Fastest Pace in a Decade, Goldman Says
Goldman Sachs prime brokerage data showed hedge funds sold technology stocks at the fastest pace in at least a decade in the week through October 15, 2026, with semiconductors taking the largest dollar hit. The selling was mainly long liquidation, meaning funds sold shares they already owned rather than opening many new short positions. The Nasdaq 100 fell 5.5% that week, its worst week since April 2025, and net leverage dropped to 48.6%, a one-year low, yet tech still made up 23.5% of Goldman's global prime book, in the 90th percentile of the past 5 years. Nvidia (NVDA) fell 4.08% over the week versus 7.88% for the iShares Semiconductor ETF (SOXX). A close below $214.13 would suggest the selling has not run its course, while a move back to $226.32, its October 12 close, would indicate funds have finished selling.
- Kazakhstan court bars Coinbase, five others from unlicensed crypto services in Astana International Financial Centre
Kazakhstan's financial regulator AFSA secured court orders restricting Coinbase and five other exchanges, including BingX, Bitcoin.com, Huobi Global (HTX), BitMart and WEEX, from offering or marketing unlicensed digital asset services in the Astana International Financial Centre (AIFC). The injunctions apply only to users within the AIFC, not nationwide, and bind Google and Apple as app-store operators, though the court declined to issue a separate injunction against them and said AFSA should first discuss necessary steps with the firms. LBank was removed from the case on Sept. 18 after addressing AFSA's concerns and blocking access in Kazakhstan. Other platforms failed to respond in time, so the court entered default judgment, and AFSA had begun warnings to more than 20 platforms in 2025.
- Gunnison Copper expands to Wall Street with NYSE American ADR listing
Gunnison Copper is listing an ADR on the NYSE American under the symbol GUNN, with trading expected on or about October 26, subject to SEC registration effectiveness and final exchange approvals. Each ADR represents 30 common shares, giving US institutional and retail investors broader access to the Phoenix-based domestic copper producer. The company produces copper cathode at its Johnson Camp Mine in Arizona, supplies the US defense sector and Amazon Web Services, and is advancing the Gunnison Copper Project about 1.5 miles away. The listing complements its existing Toronto and Frankfurt listings and does not affect its common shares.
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