Shares of CoreWeave traded up 0.87% at $100.16 as of 11:43 a.m. ET on Wednesday, following a Bloomberg News report that the AI cloud firm is looking to secure roughly $8.5 billion in bank loans, with contracts from Meta Platforms pledged as collateral.
Shares of Advanced Micro Devices ticked up roughly 0.8% in U.S. premarket action Wednesday, trading near $215.50 after finishing the prior session at $213.84.
Advanced Micro Devices, Inc. shares edged up in premarket trading Wednesday, after the chipmaker disclosed a multi-year artificial intelligence chip supply agreement with Meta Platforms. The arrangement could end up giving the Facebook parent a significant equity stake.
Asian shares tracked higher Wednesday, with Japan’s Nikkei surging 2.2% to 58,583.12. U.S. stocks recovered from a tech slump, the S&P 500 adding 0.8% to 6,890.07, while the Dow tacked on 370 points to 49,174.50. Dow futures showed little movement as investors looked ahead to Nvidia’s results due after the bell.
Shares of Advanced Micro Devices soared Tuesday, after the chipmaker clinched a broad supply deal with Meta Platforms. The agreement could see the Facebook parent take as much as a 10% stake in AMD.
Shares of Advanced Micro Devices jumped over 6% by midday Tuesday, topping the Nasdaq 100 after Meta Platforms announced plans to use AMD processor-powered data-center equipment.
Shares of Meta Platforms, Inc. dropped 2.8% to $637.25 on Tuesday, as investors digested the company’s latest move—a push spanning years—to secure enough artificial intelligence chips.
Advanced Micro Devices jumped roughly 7%, trading at $210.30 Tuesday, after Meta Platforms locked in a multi-year AI chip deal that could open the door for the Facebook parent to acquire a significant equity stake. Wedbush’s Matt Bryson noted the update “addresses recent concerns” around AMD’s MI450 timeline “might be slipping.”
Microsoft Corp ticked 0.2% higher to $385.28 during Tuesday morning trading, clawing back a bit of ground after its previous drop left investors skittish. So far, shares have moved between $381.71 and $389.36.
Micron Technology Inc picked up roughly 1.5%, reaching $427.08 early Tuesday, bouncing back after U.S. stocks took a hit from tariffs the previous day. Shares have already soared about 50% since the start of the year—investors aren’t exactly forgiving when it comes to negative headlines.
AppLovin Corp picked up 1.6% to $418.68 in late after-hours action Friday, following news that the U.S. Securities and Exchange Commission remains in probe mode on the mobile ad company. Shares touched $443 earlier but surrendered most gains by the close.
Meta Platforms is set to roll out millions of Nvidia’s latest and upcoming AI chips, expanding a multi-year agreement that’s now at the core of the social media giant’s data center expansion plans.
Communication services names show little sign of picking up speed heading into the week. The sector’s flagship U.S. ETF—Communication Services Select Sector SPDR Fund—closed Friday at $114.58, slipping 0.1% from the previous session. Its biggest internet stocks posted declines.
The Roundhill Magnificent Seven ETF slipped 1.1% Friday, capping a tough week for Big Tech names. Apple closed off 2.3% at $255.78, with Nvidia not far behind, down 2.2% to $182.81. Meta gave up 1.5% and Alphabet lost 1.1%.
Shares of Meta Platforms, Inc. dropped 1.5% on Friday, landing at $639.77 by the closing bell. That left the Facebook owner with a market capitalization near $1.84 trillion.
Big Tech names struggled Friday, with prices still down as selling lost some intensity. Apple slipped 2.3% to $255.78, while Nvidia gave up 2.2% to $182.81. Meta eased 1.5%, closing at $639.77. Tesla hovered, finishing just shy of flat at $417.44.
Meta Platforms slipped almost 1% early Thursday, changing hands at $662.15. The stock’s weakness came as investors kept a close eye on the company’s rising spending for artificial intelligence infrastructure.