CoreWeave shares made their debut on the Nasdaq Friday, with shares dropping as much as 5.8% after trading began.
The specialized cloud computing provider, which is focused on high-performance workloads, particularly for artificial intelligence (AI), had priced its initial public offering at $40 per share, less than the expected range of $47 to $55.
Wolfspeed Inc (NYSE:WOLF) shares fell almost 50% amid concerns the chipmaker may not receive federal funding from the CHIPS and Science Act.
The company’s outgoing interim executive chairman Thomas Werner commented that the company is being managed to not be overly reliant on CHIPS funds, raising investor concerns about securing the funding.
Lululemon Athletica Inc (NASDAQ:LULU) continues to see strong customer interest in new products, but weaker foot traffic has weighed on its outlook, analysts say.
The athleticwear company’s shares are down more than 14% on Friday following yesterday’s earnings release that showcased weak first-quarter guidance, overshadowing its stronger-than-expected fourth-quarter results.
G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) has reported strong financial results for the fourth quarter and full-year 2024, driven by the first full quarter of commercial production at the Tocantinzinho (TZ) Mine in Brazil.
The company produced 40,147 ounces of gold in Q4 and 63,566 ounces for the year, with all-in sustaining costs (AISC) of $862 per ounce and $972 per ounce, respectively.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) has unveiled a new feature on Facebook known as the “Friends” tab as part of its efforts to bring back the original (OG) Facebook experience.
This tab is designed to show users content only from their friends, excluding algorithm-driven recommended content.
United States Steel Corporation (NYSE:X) and Nippon Steel are once again in active discussions to push forward their $55-per-share acquisition deal, according to new reports.
The Japanese steelmaker is considering billions in additional investment to address US political concerns, sources familiar with the talks told Semafor.