
Korea to Spend $150 Billion to Fund President Lee's Policy Goals
The plan, announced Wednesday by the presidential state affairs planning committee, will allocate funds across 123 projects in innovation, growth, social welfare and foreign policy, with major investments in artificial intelligence, where the government aims to become a top-three AI power. Other areas of priority include biotechnology, healthcare and defense, among others.
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Analog Devices (ADI) Sees Bullish Sentiment Backed by Sector Tailwinds
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15 minutes ago
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CoreWeave's AI Demand Surges But Expansion Spending Cuts Into Profitability
CoreWeave (NASDAQ:CRWV) shares tumbled on Wednesday after the AI-focused cloud computing provider posted mixed second-quarter results, highlighting surging revenue and backlog alongside margin pressures from an aggressive expansion plan. The company reported $1.21 billion in quarterly revenue, well above prior-year levels and fueled by new contracts with OpenAI and major hyperscalers, but investors reacted to guidance that signals significant near-term costs as CoreWeave ramps capacity toward 900MW by year-end. Stifel analyst Ruben Roy maintained a Hold rating on the stock, raising his price forecast to $120 from $115. HC Wainwright's Kevin Dede kept a Neutral rating, while Needham analyst Mike Cikos also maintained a Highlights Backlog and Revenue Strength Roy said CoreWeave delivered strong second-quarter results, surpassing revenue and adjusted operating income estimates on continued compute demand despite power constraints. He noted that the backlog rose to about $30.1 billion, bolstered by a $4 billion OpenAI expansion and new hyperscaler contract wins likely tied to Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), and/or Alphabet (NASDAQ:GOOGL) Google. Another expansion is set to benefit the third quarter. Roy called guidance 'mixed,' with third-quarter and full-year 2025 revenue outlooks above consensus but margins below expectations due to management conservatism. He projected third-quarter revenue of $1.28 billion and full-year 2025 revenue of $5.25 billion, alongside adjusted operating income of $175 million for the third quarter and $815 million for the year. His model factors elevated interest expense from recent debt raises, reaffirmed a $21.5 billion fiscal 2025 CapEx target to reach 900MW capacity, and potential ~10% dilution from the pending Core Scientific (NASDAQ:CORZ) acquisition. HC Wainwright Notes Blockbuster Q2 Performance Dede said CoreWeave delivered a 'blockbuster' second quarter, with revenue climbing 23.5% sequentially to $1.213 billion, well above his $1.063 billion forecast, driven by AI adoption across consumer and enterprise markets. He pointed to a 16% sequential jump in backlog to $30.1 billion, fueled by a $4 billion OpenAI extension and a new hyperscaler deal. He noted that CoreWeave expects to expand capacity from 470MW to 900MW by year-end, with 2.2GW contracted. Dede raised his fiscal 2025 sales estimate to $5.154 billion from $4.942 billion, reflecting $150 million in second-quarter outperformance and management's 4%–7% sequential growth guidance for the third quarter. He kept his fiscal 2026 forecast at $11.2 billion. He noted AI integration becoming mandatory for competitive enterprises and highlighted CoreWeave's new wins with Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS). Needham Emphasizes Backlog and Capacity Buildout Cikos said CoreWeave delivered a second straight quarter of substantial upside, beating his second-quarter revenue estimate of $1.09 billion with $1.21 billion and exceeding his adjusted operating income forecast of $163.6 million with $199.8 million. Management guided third-quarter revenue 2% above Street expectations at the midpoint. In contrast, full-year revenue guidance of $5.15 billion to $5.35 billion raised the midpoint by $250 million, well above the second-quarter beat of about $130 million. Cikos noted management's plan to exit 2025 with more than 900MW of active power, up roughly 90% from the second quarter's 470MW, with capital expenditures of $20 billion to $23 billion serving as a strong leading indicator for future revenue but a near-term margin headwind. He highlighted the growing backlog, up 86% year-over-year to $30.1 billion, supported by the $11.9 billion OpenAI deal, a $4 billion OpenAI expansion, and another hyperscaler contract to be reflected in third-quarter results. Cikos projected fiscal 2025 revenue of $5.1 billion and adjusted operating income of $821 million, and he flagged execution and supplier risks tied to the significant capacity buildout. Price Actions: CRWV stock is trading lower by 18.92% to $120.61 at last check Wednesday. Photo by JackPress via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? COREWEAVE (CRWV): Free Stock Analysis Report This article CoreWeave's AI Demand Surges But Expansion Spending Cuts Into Profitability originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
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LambdaTest Unveils the Fourth Edition of the Testµ ('TestMu') Conference in 2025
The largest virtual event for quality and engineering professionals returns with a focus on innovation, AI, and future-ready testing strategies SAN FRANCISCO, August 13, 2025--(BUSINESS WIRE)--LambdaTest, a leading GenAI-native quality engineering platform, is excited to unveil the 4th edition of its flagship Testµ ('TestMu') Conference, taking place virtually from August 19–21, 2025. This year's event is set to host over 50,000 quality, engineering, and DevOps professionals from more than 120 countries, making it one of the largest online global gatherings dedicated to the future of quality engineering. Testµ ('TestMu') Conference 2025 is designed to explore cutting-edge trends, emerging tools, and breakthrough innovations shaping the world of technology. With an esteemed lineup of 100+ global speakers, the conference will feature some of the most influential voices in tech, including Angie Jones, Global Vice President of Developer Relations of Block; Bratin Saha, Chief Product and Technology Officer of DigitalOcean; Dana Lawson, Chief Technology Officer of Netlify; Luis Héctor Chávez, Chief Technology Officer of Replit; Subba Ramaswamy, Managing Director of Accenture; and T.R. Vishwanath, Co-Founder and CTO of Glean. "In the spirit of 'μ' — the micro that makes the macro matter — Testμ 2025 is where precision meets perspective," said Sachin Sharma, Senior Manager SDET at Adidas and one of the speakers at the 2025 edition. "It's not just about finding bugs; it's about reframing problems, sharpening decisions, and elevating every outcome. Whether you're a tester, developer, or delivery leader, join us to explore the details that define excellence and the ideas that shape the future," he added. Over three days, attendees will have access to 60+ sessions, including keynotes, interactive workshops, fireside chats, and panel discussions on topics including Generative AI, automation at scale, test frameworks, mobile testing, API testing, AI in software testing, visual testing, accessibility testing, tools and technologies in quality & engineering, technology leadership strategies, and much more. These sessions are designed to foster insightful conversations, hands-on learning, and the exchange of strategic ideas to tackle the future of testing in a rapidly evolving technological landscape. "TestMu Conference 2025 is LambdaTest's flagship, annual conference built for the community, by the community," said Asad Khan, CEO and Co‑Founder of LambdaTest. "This conference brings together a community of visionaries, disruptors, and changemakers committed to reshaping the future of engineering and quality. It's not just an event, it's a platform for all of us to connect, learn, and inspire one another. At LambdaTest, we're excited to share how we're driving innovation in software testing through collaboration, and the TestMu Conference is one such initiative. Let's break new ground and build a future where software quality is the cornerstone of success." The conference also provides unparalleled opportunities for peer networking, hands-on learning, and live challenges with exciting prizes. Testμ Conference 2025 also has a rich ecosystem of partners, including Accenture, Wipro, Cognizant, CircleCI, Elastic, Planit, Netlify, Microsoft, and many others. Registration for the conference is now open. For more details, including the full event schedule, speaker lineup, and topics covered, visit: About LambdaTest LambdaTest is a GenAI-powered Quality Engineering Platform that empowers teams to test intelligently, smarter, and ship faster. Built for scale, it offers a full-stack testing cloud with 10K+ real devices and 3,000+ browsers. With AI-native test management, MCP servers, and agent-based automation, LambdaTest supports Selenium, Appium, Playwright, and all major frameworks. AI Agents like HyperExecute and KaneAI bring the power of AI and cloud into your software testing workflow, enabling seamless automation testing with 120+ integrations. LambdaTest Agents accelerate your testing throughout the entire SDLC, from test planning and authoring to automation, infrastructure, execution, RCA, and reporting. For more information, please visit View source version on Contacts press@