Surprise Trump Trade Deal to Weigh on Indonesia Rate Decision
Before Trump unveiled the agreement on Tuesday in Washington, some 18 of 33 analysts surveyed by Bloomberg had predicted Bank Indonesia would hold rates unchanged at 5.5% to support the rupiah at its meeting in Jakarta. The rest expected a 25 basis point cut to preemptively help the slowing economy.
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9 minutes ago
- Yahoo
Down 28%, Should You Buy the Dip on CoreWeave?
Key Points CoreWeave has been one of the biggest surprises in the stock market this year. Revenue at the AI infrastructure company grew by 420% last year. The stock has several risks investors should be aware of. 10 stocks we like better than CoreWeave › CoreWeave (NASDAQ: CRWV) has been the biggest IPO of the year so far. After weaker-than-expected demand for its IPO, CoreWeave went public for a lower price than it had targeted, and Nvidia came in and invested in the stock to help prop up the offering. The stock then slumped as the broad market sold off in response to the "Liberation Day" tariffs that President Trump issued. However, after bottoming in April, CoreWeave began to rally, tracking with a boom in AI stocks. From its IPO price of $40, the stock soared as high as $187 on June 20, a nearly 400% gain. Since then, the stock has come down to earth, falling 28% from that peak. Should investors buy the dip in the stock? Let's take a closer look. High risk, high reward CoreWeave is one of the fastest-growing stocks in the market, and because of its growth and lack of profitability, it's also one of the highest-risk stocks. CoreWeave started out as a crypto mining company, but using its stockpile of GPUs, it pivoted to an AI-focused cloud infrastructure business during the crypto winter in 2019, and its business began to take off in 2023, after ChatGPT was launched. In fact, its revenue grew by more than 100x from 2022 to 2024, and its growth rate remained scorching hot in the first quarter of 2025 as revenue jumped 420% to $981.6 million. CoreWeave depends on building out data centers so it can supply its customers, like Microsoft, Nvidia, and OpenAI, with computing capacity. As a result, the company has had to take on a lot of debt to purchase the GPUs to run its AI infrastructure business. In the first quarter, the company reported an operating loss of $27.5 million, but its interest expense was $263.8 million because it has $8.7 billion in high-interest debt. Its interest rate is a reflection of the risk debt-holders see in the business, as the company barely had any revenue two years ago. CoreWeave has several other risks, including high customer concentration. Last year, Microsoft made up more than half of its revenue, and a report that it was opting out of buying more data center capacity from CoreWeave helped put pressure on the IPO. It's also dependent on continuing growth in AI, and it needs to be able to turn a profit on the GPUs it buys before it has to replace them. The business is so new, and growing so quickly, that it's not clear if it will be able to do that. In the first quarter of 2025, the company spent $1.4 billion on capital expenditures, more than its revenue, and the company expects to spend $20 billion to $23 billion on AI infrastructure this year. Any company of CoreWeave's size growing by 420% deserves investor attention, but investors should be aware of the risks as well. Is CoreWeave a buy? For the right kind of investor, CoreWeave looks like a buy, despite the risks noted above. The company's soaring growth can't be ignored, and the cloud infrastructure business model has been highly profitable for more-established companies like Microsoft and Amazon. Given the growth opportunity in front of it, CoreWeave is unlikely to be profitable for years, and it could be years before the company even starts to improve its unit economics. Based on its revenue run rate, its price-to-sales ratio is 15, which seems pretty low for a company growing this fast. For risk-tolerant investors interested in a pure-play AI stock, getting some exposure to CoreWeave makes sense, and dollar-cost averaging is a good way to do it. At this point, the stock is likely to continue to be volatile, and there should be more dips to capitalize on in the future. Should you buy stock in CoreWeave right now? Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jeremy Bowman has positions in Amazon and Nvidia. The Motley Fool has positions in and recommends Amazon, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Down 28%, Should You Buy the Dip on CoreWeave? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
TSX futures inch up on trade optimism
(Reuters) -Futures tracking Canada's benchmark index edged higher on Monday, rebounding from the previous session's losses, as investors were optimistic about the potential for trade deals between the U.S. and its key trading partners. Futures on the S&P/TSX index were up 0.2% at 1,629.3 points by 06:39 a.m. ET (1039 GMT). Canada's main stock index closed lower on Friday, dragged down by weakness in industrial stocks, as investors reacted to trade uncertainty following a report that President Donald Trump was eyeing new tariffs on European Union products. U.S. Commerce Secretary Howard Lutnick said on Sunday he was confident that Washington could secure a trade deal with the EU, but August 1 is a hard deadline for tariffs to kick in. However, traders awaited clarity on U.S.-EU trade talks and looked for additional trade deals ahead of Trump's August 1 tariff deadline. Meanwhile, domestic investors will assess the Bank of Canada's Business Outlook Survey, due later in the day, for business expectations amid tariff-related uncertainty. Among commodities, gold prices firmed and copper prices rose, while oil prices dipped slightly on Monday. In the U.S., several industrial and tech firms are set to report their earnings this week, with Alphabet and Tesla kicking off the results season for the "Magnificent Seven" stocks. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report [.TO] Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Journals
11 minutes ago
- Business Journals
Ziegler's Foods to reopen in Dickinson after 8-year closure
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