
ZIMVIE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of ZimVie Inc.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-zimv/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
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Globe and Mail
22 minutes ago
- Globe and Mail
Should You Hold or Sell CRWV Stock Before Q2 Earnings Release?
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What Our Model Predicts for CRWV's Q2 Our proven model does not conclusively predict an earnings beat for CRWV this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. CRWV has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank stocks here. Factors to Focus on Ahead of CRWV's Q2 Earnings Amid the AI infrastructure boom, increasing demand for CoreWeave's cloud software and infrastructure services is likely to have driven the top-line performance. In the last reported quarter, CRWV's revenues jumped 420% year over year, ending the quarter with a backlog of $25.9 billion. Besides a $11.9 billion deal with OpenAI, CRWV has added several new enterprise customers and a hyperscaler client in the last reported quarter. It also signed expansion agreements with many customers, including a $4 billion expansion with a big AI-enterprise customer. CRWV added that the $4 billion expansion agreement signed with a big AI client will be reflected in revenue backlog beginning in the second quarter. In addition to scaling capacity and getting adequate financing for infrastructure, CRWV is also expanding its go-to-market capabilities. Moreover, the buyout of the Weights and Biases acquisition has added 1,400 AI labs and enterprises as clients for CoreWeave. Building on this, the company unveiled three major offerings in June, which aim to help AI teams develop, deploy and iterate faster by combining CoreWeave's cloud infrastructure with Weights & Biases' developer platform. CoreWeave also boasts a growing data center network across the United States and Europe. It has a network of 33 purpose-built AI-data centers across the United States and Europe, supported by 420MW of active power. In July, it announced $6 billion to build a new state-of-the-art AI data center in Lancaster, PA, with an initial capacity of 100 megawatts (MW) and a potential to scale up to 300MW. The Lancaster facility will add to the company's 1.6 gigawatt (GW) of contracted power, offering a multiyear runway in power capacity. CRWV's collaboration with NVIDIA Corporation bodes well. CRWV implements the latter's GPU technologies at scale. Nonetheless, CRWV faces plenty of challenges. CoreWeave faces tough competition in the AI cloud infrastructure space, which boasts behemoths like Amazon AMZN, Microsoft MSFT and other pure play AI infra companies like Nebius NBIS. Amazon Web Services and Microsoft's Azure cloud platform together dominate more than half of the cloud market. 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Globe and Mail
22 minutes ago
- Globe and Mail
Intel's stock tumbles after Trump says its CEO must resign
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CBC
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Carney meets with Métis leaders about major projects law
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