CoreWeave and Meta Forge a $21 Billion AI Cloud Partnership
CoreWeave and Meta have announced a significant expansion of their AI cloud partnership, a deal valued at approximately $21 billion and extending through 2032. The dedicated capacity will be deployed across multiple data center locations and will notably include some of the initial deployments of Nvidia's Vera Rubin platform — a next-generation chip architecture that is expected to push the boundaries of AI compute. CoreWeave shares are rallying sharply on the announcement, reflecting investor confidence in the company's growing role as critical AI infrastructure provider. This deal underscores just how aggressively major tech companies are investing in the compute backbone needed to power the next wave of artificial intelligence.
Tesla Reportedly Developing a Smaller, Cheaper Electric SUV
Tesla is reportedly developing a smaller, more affordable electric SUV that would represent an entirely new vehicle rather than an offshoot of its existing lineup. According to reports, the automaker has recently reached out to suppliers to discuss the details and logistics of the plan. If confirmed, this move would signal Tesla's intent to expand its market reach into a more price-sensitive segment — a strategic shift that could significantly broaden its customer base. The EV market is increasingly competitive, and a lower-cost SUV could be a powerful tool for maintaining dominance as rivals continue to close the gap.
Marvell Technology Hits a New 52-Week High
Marvell Technology is set to open at a new 52-week high following an upgrade from Barclays to overweight, accompanied by a $150 price target. The firm's bullish thesis centers on Marvell's optical business, which it believes could grow by 90% both this year and next. The stock has already surged more than 120% over the past 12 months, reflecting strong investor appetite for companies positioned at the intersection of semiconductors and AI-driven data center demand. Marvell's optical components are essential for high-speed data transmission within and between data centers — infrastructure that is only becoming more critical as AI workloads scale.