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J. Edward Moreno2h

CoreWeave strikes deal with Anthropic to rent data center capacity to power Claude

CoreWeave struck a multiyear deal with Anthropic to rent data center capacity to build and deploy its Claude AI models, the company announced Friday.

The company did not specify how much the deal is worth. The stock, which has swelled more than 20% in the past month as of yesterday’s close amid a string of positive news, is up another 4.5% in premarket trading as of 8:45 a.m. ET.

CoreWeave announced on Thursday that it has expanded its deal to provide AI compute to Meta. The company, which initially booked a $14.2 billion deal with Meta in September, will now provide an additional $21 billion worth of services to the hyperscaler. Separately, CoreWeave announced two bond offerings on Thursday as well.

CoreWeave also recently disclosed that it would borrow $8.5 billion backed by its chips and Meta’s AI compute purchases. The unique financing arrangement helped secure a lower interest rate.

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Max Knoblauch23m

China exported more than twice as many electric vehicles (and plug-in hybrids) in the first quarter of 2026 as it did in the same period last year, according to the China Passenger Car Association (CPCA).

New energy vehicle exports surged 124% year over year, as major players like BYD and Chery ramped up overseas efforts to combat lower domestic sales. Tesla’s China business also boosted exports, shipping 164% more EVs than the same period the year before.

Nio is ramping up export efforts as well, with a goal to deliver “several thousand” EVs overseas this year and have a presence in 40 countries. Still, the automaker exported 271 vehicles in Q1 — less than half of a percent of the company’s total deliveries.

According to the CPCA, April will see the country’s automotive industry continue its “slow recovery.”

Salesman Moving Sales on Chart Up

Tech dramas, rather than the Iran war, will be the earnings season focus

Energy earnings will offset slowdowns elsewhere. But it’s still all about Big Tech.

Matt Phillips1h

Q1 earnings season is déjà vu all over again for a market that has swapped tariffs for war

Glass half full: stock prices catch up to earnings estimates as geopolitical risk fades. Glass half empty: geopolitical and recession risks rise from here, or investors keep shrugging off better-than-expected tech earnings.

New York Yankees vs Baltimore Orioles

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J. Edward Moreno4h

Optics stocks rise after Lumentum CEO says demand is strong with “no end in sight”

Lumentum rose more than 5% in premarket trading on Friday, and lifted its competitors with it, after the company’s CEO told Bloomberg that demand for its optical components is through the roof.

Chief Executive Officer Michael Hurlston told the outlet Friday that the company is “falling further and further behind the demand” and would be sold out through all of 2028 within two quarters.

“The capex numbers from the US hyperscalers are enormous and there seems to be no end in sight,” he said.

The comments also bolstered Lumentum’s peers, with Applied Optoelectronics and Coherent also in the green in early trades this morning.

These companies make optical components that use light, rather than traditional copper interconnects, to move data within and between servers in data centers, a technology increasingly seen as critical for scaling artificial intelligence capacity.

Earlier this month, Nvidia said that it would invest $2 billion apiece in Coherent and Lumentum to develop their advanced optics technologies.

Nvidia-Backed Lumentum Sees AI Filling Orders Through 2028

Nvidia-Backed Lumentum Sees AI Filling Orders Through 2028

“The capex numbers from the US hyperscalers are enormous and there seems to be no end in sight,” he said.

The comments also bolstered Lumentum’s peers, with Applied Optoelectronics and Coherent also in the green in early trades this morning.

These companies make optical components that use light, rather than traditional copper interconnects, to move data within and between servers in data centers, a technology increasingly seen as critical for scaling artificial intelligence capacity.

Earlier this month, Nvidia said that it would invest $2 billion apiece in Coherent and Lumentum to develop their advanced optics technologies.

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TSMC rises on 35% sales jump in Q1 as AI demand holds strong

TSMC is up more than 2% in premarket trading after the world’s largest chipmaker reported a 35% jump in first-quarter revenue, beating Wall Street expectations on continued strong demand for AI chips.

Revenue from January through March rose 35% year over year to NT$1.13 trillion ($35.6 billion), marginally topping consensus estimates of NT$1.12 trillion. March revenue alone surged 45% from a year earlier.

The strong top-line figures suggest that demand for TSMC’s chips — used in everything from smartphones to massive data centers — remain robust, with strong order momentum from major customers including Apple, Nvidia, AMD, and Broadcom, even as concerns rise that the Middle East war could dent global AI infrastructure spending.

Price hikes for its advanced chips may have also contributed to the sales beat.

The company is set to report first-quarter earnings on April 16, alongside updated guidance for the current quarter and full year.

Shares have gained roughly 30% year to date.

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