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CoreWeave tumbles 22% on AI valuation fears and macro jitters

5 articles I'm watching carefully

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Tyler Dupont
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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

CoreWeave tumbles 22% on AI valuation fears and macro jitters

CoreWeave stock fell 22% this week amid renewed fears of an AI bubble and negative macro data. Investor sentiment soured after Michael Burry revealed bearish bets on AI peers, while weak jobs and consumer sentiment data added pressure across growth names.

Top analysts back AMZN, GOOGL, and AMD despite AI bubble fears

Wall Street analysts remain bullish on Amazon, Alphabet, and AMD, citing strong AI-driven growth. Price targets were raised on AWS momentum, Google Cloud backlog, and AMD’s expanding data center revenue, even as AI stock valuations spark bubble concerns.

Stocks rebound on shutdown hopes as market tests support

Stocks bounced Friday on signs of a U.S. government shutdown deal, with the S&P 500 and Nasdaq holding 50-day lines. Nvidia, Valero, and MongoDB neared buy points. For the week, Nasdaq lost 3% while 10-year yields fell to 4.09% and crude slid 2% to $59.75.

🪙 Crypto

Trump backs CLARITY Act to boost U.S. crypto competitiveness

Trump pledged to sign the CLARITY Act, which would define digital commodities, give CFTC oversight, and streamline crypto venue registration. The bill aims to attract capital onshore and counter China's growing influence in digital finance.

🌎 Global Economy

Central banks hold rates amid global slowdown signals

The Bank of England paused rate cuts, citing inflation and jobs data. Central banks in Brazil, Australia, and others also held steady. Meanwhile, US consumer sentiment neared record lows, and China’s exports fell, highlighting rising fragility across major economies.

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