The Palo Alto, California-based company sold 34.6 million shares at $14 apiece, compared with its marketed range of $12 and $14 per share. The IPO valued Wealthfront at $2 billion.
Broadcom’s worst day since the DeepSeek rout in January rekindled worries that investment in AI won’t yield the expected blockbuster profits any time soon. Shares dropped 11%, helping pull the S&P 500 ...
The S&P 500 slipped 0.3% for just its second loss in the last 11 days, but it remains within 0.6% of its all-time high set in ...
CoreWeave has faced a sharp sell-off due to execution delays, high-interest debt, and revised FY25 guidance. Click to read my ...
This has led to a balance sheet with more than $10 billion in long-term debt, and this is not cheap debt. CoreWeave is forced ...
Oracle (NYSE:ORCL) fell more than 10% on Thursday after the company posted quarterly revenue that came in below Wall Street expectations. The company reported sales of $16.06 billion for the period, ...
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