China ends year-long gallium, germanium, and antimony export ban to the U.S., following the high-profile Trump-Xi meeting and trade negotiations. Microsoft invests $10B in AI data centers in Portugal and Atlanta; Alphabet allocates $6.4B for German infrastructure expansion.
Ten large-cap names including IREN, CoreWeave, IonQ, Bloom Energy, Symbotic, and other tech/crypto/energy plays sank sharply last week on weak guidance, analyst downgrades, sector-wide tech and Bitcoin sell-offs, and mixed quarterly results.
One chip giant and one cloud infrastructure upstart hit turbulence last Tuesday, but the pullbacks may offer compelling entry points for artificial intelligence (AI) investors.
CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™, today announced the launch of its Zero Egress Migration (0EM) program — a true no-egress-fee data migration program — enabling customers to move large-scale datasets from third-party cloud providers directly to CoreWeave’s cloud without technical friction. Through 0EM, CoreWeave will cover egress fees for AI workloads from third-party cloud networks for the initial migration without additional egress fees. CoreWeave will offer a fully managed service ensuring secure, end-to-end validated, and high-speed data migrations.
