CoreWeave Adjusts IPO Strategy: Lower Share Price Reflects Market Realities In a surprising turn of events, CoreWeave, despite having the support of tech giant Nvidia, has decided to scale back its initial public offering (IPO) by a significant 23.5%. This decision comes as a response to investor concerns regarding the company’s substantial debt and heavy […]
Google parent Alphabet under pressure over AI spending and slowing cloud growth
Alphabet Faces Investor Concerns Over AI Spending as Cloud and Ad Growth Slow Alphabet, the parent company of Google, is currently navigating through turbulent waters as investor concerns mount over its substantial investments in artificial intelligence (AI) and the deceleration of growth in both cloud services and advertising revenue. The tech giant has been at […]