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CoreWeave spent July absorbing two different catastrophes, and the market has not yet separated them. The first was fundamental: on July 17, Meta announced Meta Compute — the biggest AI capex spender turning compute vendor — and struck directly at the GPU-cloud business model. The second was mechanical: CoreWeave was a $697 million position in Leopold Aschenbrenner’s 4x-levered Situational Awareness fund, whose margin-call liquidation flushed CRWV to $60.82 on July 29 before the book moved to Citadel and the stock snapped back to $73.90. One of those events changes CoreWeave’s future; the other only changed its July. Separating them is…

Rivian did something unusual in a week dominated by expanding artificial-intelligence budgets: it told investors it could spend less, lose slightly less and still deliver more vehicles. Shares closed 2.9% higher at $16.83 on Thursday ahead of the results, then added about 2% after hours to around $17.24. The move was modest, but the signal was clear. Investors wanted evidence that an expensive growth plan was becoming more controlled. What Rivian Reported and Guided Second-quarter revenue rose 27% from a year earlier to $1.66 billion, ahead of the roughly $1.51 billion expected by analysts. Rivian delivered 12,194 vehicles and generated…

Why Has Russia Charged Pavel Durov? Russia’s Federal Security Service has charged Telegram founder Pavel Durov with facilitating terrorist activity and said he would be placed on an international wanted list, escalating Moscow’s dispute with one of the country’s most widely used communication platforms. The FSB alleged that Telegram failed to remove channels, chats and bots used by Ukrainian intelligence services, terrorist groups and extremist organizations to coordinate sabotage, attacks, recruitment and cyber fraud inside Russia. The accusations have not been tested in court, and Telegram had not publicly responded to the charges at the time of the announcement. Telegram…

Rocket Lab’s stock price has remained under intense pressure this week, falling to a key technical support level. After surging to a record high of $151 ahead of the SpaceX IPO, the stock has tumbled about 61% to around $58.60 as investors continue to take profits and reassess growth expectations. With the company set to report earnings on August 10, the big question is whether this sharp sell-off presents an attractive buying opportunity or signals that further downside remains. Rocket Lab stock has plunged amid profit-takingRKLB stock has had a major turnaround in the past few days. A company that was recently…

Bloom Energy just delivered the best quarter in its history and shareholders are poorer for it. Revenue rose 165.5% to a record $1.065 billion — the company’s first billion-dollar quarter — non-GAAP earnings came in at $0.78 per share against roughly $0.42 expected, adjusted EBITDA jumped about six-fold to $253.4 million, and management raised full-year guidance. The stock rose 10.04% on the print, then gave all of it back: it closed at $163.66 on 29 July against a pre-earnings close of $183.36, and trades near $163.21 today. A blowout quarter produced a net loss of roughly 11% for anyone holding…

Cathie Wood’s Ark Invest reduced positions in four crypto-linked companies on Wednesday, selling shares of Bitmine Immersion Technologies (BMNR), Block (XYZ), Bullish (BLSH) and Robinhood (HOOD) as each stock ended the session lower. The transactions, disclosed in Ark Invest’s daily trading report, follow months in which the investment manager increased exposure to several digital asset companies during periods of market weakness. While the sales drew attention because they involved multiple crypto-related holdings on the same day, Ark’s actively managed ETFs routinely rebalance positions to keep portfolio allocations within target ranges as stock prices fluctuate. Ark Invest Cuts Crypto-Linked Holdings Ark Invest’s…

DIGITEC has launched D3 DataHub, a managed market data distribution platform designed to simplify how banks and financial institutions connect to multiple market data providers through a single interface, reducing one of the most persistent operational challenges facing electronic trading desks. The platform is already being piloted by four global foreign exchange trading banks and provides access to market data from providers including 24X, LMAX Group, New Change FX, SGX FX and Swaps Data Feed, the service jointly developed by DIGITEC and 360T. Additional data providers are expected to be added over time. While the announcement introduces another product to…

Qualcomm stock price continued its strong downward trend this week, reaching its lowest level since April 30. QCOM has plunged by over 37% from its highest point this year, with its market capitalization falling from $265 billion to $171 billion. Qualcomm’s crash has coincided with the ongoing sell-off among other semiconductor companies. The VanEck Semiconductor (SMH) ETF has dropped from $671 to $529, while the iShares PHLX SOX Semiconductor Sector ETF (SOXX) has pulled back from a high of $655 to $490 today. Qualcomm stock has dropped ahead of earningsQCOM stock has been in a strong bearish trend in the past few…

Cardano’s native token, ADA, experiences renewed market traction, pushing toward critical resistance zones as broader macroeconomic and ecosystem developments unfold. ADA investment products extend an impressive streak to 16 consecutive months of net inflows, signalling persistent professional allocation. Protocol 11 integration and anticipation around the Ouroboros Leios upgrade fuel structural optimism for the network’s throughput and scalability. Announcing New Cardano Foundation and Reef Data eG Partnership: Demonstrating On-Chain Payment Flows The Cardano Foundation announced a strategic partnership with Reef Data eG, a Hamburg-based data cooperative backed by Hamburger Volksbank eG, ARIC e.V., VALIO Hamburg GmbH & Co., and Disruptive Elements…

The Nairobi Securities Exchange has signed a memorandum of understanding with Tether, the issuer of the world’s largest stablecoin, to explore tokenizing securities, building blockchain-based market infrastructure, and potentially using USDT as a settlement layer on the exchange. The MoU, signed on 28 July, moves a stablecoin issuer toward the plumbing of a national capital market rather than just its payment rails, which is what makes it more than a routine tokenization announcement. But the operative word throughout is explore. This is a framework to study, not a launch, and the most consequential line in it, the use of USDT…