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Jon Keegan

CoreWeave pops on news of $900 million Nvidia stake

Shares of AI cloud computing provider CoreWeave shot up over 20% today after an SEC filing revealed the large stake in the company held by Nvidia.

CNBC reports that this stake was worth $900 million as of March.

Such a substantial stake by Nvidia is a big vote of confidence in the company, which recently left investors wanting more from its guidance after its first quarter reporting as a public company.

(That being said, if Nvidia’s involvement with CoreWeave’s equity is something that strikes you as new news, you probably haven’t been paying close attention. The cloud computing company’s IPO was anchored by the chip designer.)

Nvidia owned $900 million in CoreWeave stock as of March, filing shows

Nvidia owned $900 million in CoreWeave stock as of March, filing shows

(That being said, if Nvidia’s involvement with CoreWeave’s equity is something that strikes you as new news, you probably haven’t been paying close attention. The cloud computing company’s IPO was anchored by the chip designer.)

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Matt Phillips

ServiceNow slips despite beating Q4 earnings expectations

Cloud software giant ServiceNow delivered better-than-expected Q4 sales and earnings after the close of trading on Wednesday, though the shares slipped in after-hours trading.  

The company reported:

  • Revenue of $3.57 billion, higher than the $3.53 billion analyst consensus estimate published by FactSet.

  • Adjusted earnings of $0.92 per share vs. the $0.88 analysts expected.

  • Subscription revenue of $3.47 billion vs. the $3.42 billion predicted.

  • Raised guidance for Q1 subscription revenues of between $3.65 billion and 3.655 billion, compared to the $3.58 billion FactSet consensus estimate.

  • Non-GAAP gross margins of 80.5%, a little light compared to the 81.1% FactSet consensus estimate. 

Despite the better-than-expected results, the stock was down after-hours. ServiceNow also announced an expanded AI partnership with Anthropic, in which it will enmesh Anthropic’s Claude models more deeply into its products, alongside its financial results.

Such efforts to more closely associate itself with the AI boom have fizzled so far. ServiceNow shares have plunged 45% over the last year. And investors clearly remain skeptical after the Q4 numbers.

IBM Q3 Earnings Numbers

IBM beats Q4 earnings expectations, stock rises

Here’s what big blue reported.

Matt Phillips5h
markets
Max Knoblauch

Southwest climbs on stronger-than-expected 2026 earnings guidance

Southwest Airlines posted its fourth-quarter and full-year earnings after the bell on Wednesday. Its shares climbed more than 4% in after-hours trading.

The airline, one of the big four US carriers, guided for revenue per seat mile to climb “at least 9.5%” in the first quarter, and costs per seat mile to rise 3.5%. It forecast a 1% to 2% boost in capacity for Q1.

For the full year ahead, Southwest said it expects adjusted earnings of $4 per share, ahead of Wall Street estimates of $3.22.

The carrier, which flew its last open-seating flight on Tuesday, posted Q4 adjusted earnings of $0.58 per share, slightly above the $0.57 per share expected by Wall Street analysts polled by FactSet. Southwest’s passenger revenue rose 7.6% to $6.79 billion in the fourth quarter, beating estimates of $6.77 billion.

Rani Molla
6h
Tesla beats on EPS and revenue, says it has invested $2 billion into xAI

Tesla reported Full Self-Driving subscription numbers and a list of cities where it says Robotaxi is expanding in the first half of 2026.

Elon Musk addresses World Economic Forum
Tasha Matsumoto, Luke Kawa
6h
Stocks waver as all eyes are on Big Tech earnings

The S&P 500 finished flat as investors awaited tonight’s postmarket earnings from Meta, Microsoft, and Tesla.

BISHOP'S STORTFORD, ENGLAND - JANUARY 25: Snowfall in the Essex countryside on January 25, 2021 in Bishop's Stortford, Essex, United Kingdom.

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