markets

Luke Kawa4/13/26

Neoclouds surge as Anthropic’s deals mean the scramble for compute is on

Just because software stocks are crushing semiconductors on Monday in a reversal of recent trends doesn’t mean the AI trade is taking a nosedive.

CoreWeave is on fire yet again, with strong follow-through after having reached deals to provide AI compute to Anthropic and Meta last week. Other data center companies like Nebius, IREN, Cipher Digital, and Applied Digital are also up big.

A scramble for compute is particularly great news for these providers of “surge capacity.”

Anthropic is producing AI tools and capabilities that people love. What people have been less than enamored with about Anthropic (especially as of late!) is access to compute, with myriad complaints of stealth token rationing.

OpenAI has reportedly argued that its immense cash burn to accumulate compute is therefore its competitive advantage over the Claude developer. Anthropic is now under pressure to spend a lot more on compute so that its customers are happy with the ability and availability of its offerings.

Similarly, a lot of networking/connectivity stocks that spiked on Friday, like Astera Labs and POET Technologies, are building on that momentum, with flash memory standout Sandisk up strongly as well.

Separately, PJM warned after the close on Friday that the US grid operator is looking to add 15 gigawatts of new power supply due to expected increases in demand tied to AI through Q1 2027. It’s seemingly clearer that there’s strong visibility into increased appetite for compute, power, and the other materials needed to facilitate the boom.

As such, AI energy plays like Vistra, Bloom Energy, Oklo, and Plug Power are also enjoying a solid start to the week.

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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