Musk's xAI in Talks With Saudi Firm Humain on Data Center Deal
The company is in early talks with two potential partners: Humain, a Saudi-backed artificial intelligence firm offering xAI several gigawatts of capacity, and another company building a smaller but more immediately available 200-megawatt facility, the people said, asking not to be named discussing private talks.
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11 minutes ago
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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
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Qualcomm's Smart Move With Glasses
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. With an aim to make smart glasses become an integral part of daily life, Qualcomm Technologies is partnering with Lenskart. This move reflects a concerted effort to bring cutting-edge, AI-enabled smart eyewear solutions to Indian consumers. Over 100-plus mixed reality (MR), virtual reality (VR), and augmented reality (AR) devices globally are powered by Snapdragon XR Platforms, the power behind Qualcomm's smart glasses and extended reality. Qualcomm aims to drive the development and adoption of extended reality (XR) by providing the foundational hardware, software, and platform solutions needed to create immersive and interactive experiences. This milestone signals a new era in bringing spatial computing to Indian consumers and positioning India prominently in the global immersive technology ecosystem. Savi Soin, senior vice president, Qualcomm India, said, "India is leading a transformative shift in how reality is experienced. Qualcomm Technologies envision a future where smart glasses become as integral to daily life as smartphones, seamlessly handling everyday tasks. Snapdragon platforms are engineered to deliver a balance of sleek, lightweight design with powerful functionality,making smart glasses practical and intuitive for everyday use. Aligned with the vision of Viksit Bharat, this technology will empower frontline workers, transform education in remote areas, and enable truly inclusive digital access." As Qualcomm Technologies continues to expand beyond smartphones, it remains committed to enabling transformative innovation across industries. Alex Katouzian, group general manager, mobile, compute & XR (MCX), Qualcomm Technologies, said, "AI is playing in the growth opportunity for XR - enabling AI to see what you see and hear what you hear to enable personalized and intuitive experiences. These platforms are pivotal in ushering in a new era of next generation computing that is more immersive, intuitive, and seamlessly integrated into everyday life." The use cases showcase cutting-edge innovations across entertainment, content capture, fitness, and education, highlighting the explosion of possibilities with spatial computing. Qualcomm has developed the Snapdragon AR1 Gen 1 and AR1+ Gen 1 chipsets specifically for smart glasses, enabling them to function as standalone devices with on-device AI capabilities. The AR1+ Gen 1 is designed for enhanced image quality, size and power improvements, and can run Small Language Models (SLMs). This allows for tasks like voice commands and real-time translation to be processed directly on the glasses.
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14 minutes ago
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Tesla is up before earnings this week, and Opendoor Technologies' stock rose on an investor's prediction of a turnaround
Tesla, Block, Navitas Semiconductor, Incannex Healthcare, and Opendoor Technologies are all moving premarket. Opendoor Technologies rose over 25% after a social media boost by an investor. Eric Jackson's post predicted a strong turnaround, boosting the stock. Opendoor Technologies, Tesla, Block, Navitas Semiconductor, and Incannex Healthcare are the most talked-about US stocks ahead of a fresh trading week. This is where they were trading premarket as of 7 a.m. ET Monday —and what's driving the moves. 1. Opendoor Technologies The move: The real estate company jumped over 20% to $2.72 a share, having gained about 36% on Friday. Why: Opendoor's surge has followed a social media post by investor and Carvana spotter Eric Jackson, who wrote that he predicted a strong turnaround for the online platform. The stock's retail trading activity is up 140% in the past 10 days, per stocks and ETF data provider VandaTrack. 2. Tesla The move: Elon Musk's EV maker is up 1.4% to $334.29 per share, after rising about 3% on Friday. Why: The company is set to report quarterly earnings on Wednesday. Tesla stock rose after the past two postings, despite weaker-than-expected results. This week's earnings will indicate the health of the EV manufacturer after Musk's return from his role at Doge. 3. Block The move: The firm that operates Square and Cash App is up about 9% to $79.60 a share, bringing its increase to more than 15% in the past month. Why: The jump came on the news that Block will be added to the S&P 500 on Wednesday, replacing energy company Hess Corporation. 4. Navitas Semiconductor The move: Its stock is up 5.6% to $7.17 a share, extending its gain of 8.3% on Friday. Why: The California-headquartered company has made several announcements regarding key innovations this year, including gains in GaN semiconductor production and the development of 800V HVDC architecture for AI data centers as part of a collaboration with Nvidia. 5. Incannex Healthcare The move: Shares were up 44% before the opening bell to $0.88, following a leap of over 60% on Friday. Why: The Nasdaq-listed company is due to release more data this month on its ongoing trials of an oral drug for sleep apnea patients.
