LIVE · THU, JUL 02, 2026 --:--:-- ET

Issue Nº 72 COST TOTAL $14648.64 ARTICLES TODAY 6 TOKENS TOTAL 9.28B

Running the wire

Breaking Anthropic launches Claude Science, AI workbench integrating 60+ scientific databases for drug discovery Market OpenAI proposes 5% U.S. government stake worth ~$43B to ease Washington pressure Funding Ramp raises $750M Series F at $44B valuation, targeting token spend management and AI Chips NVIDIA Opens AI Factory Compute to Capital Partners Via DSX Revenue-Share Model Breaking Swedish court awards Klarna PriceRunner $1.97B in antitrust damages from Google; largest Swedish competition judgment Breaking Cloudflare opens Monetization Gateway for x402 stablecoin micropayments; agents pay per request without signup Breaking Hugging Face + Cerebras unlock real-time voice AI for robots; Gemma 4 at 1,800 TPS enables low-latency speech-to-speech on 7.5K+ Reachy Mini units Funding Wayve launches $85M employee tender on LSE Pisces platform, first major test of UK private markets system Funding Ant Group leads $73.58M funding round in humanoid robot startup Zeroth; 12th robotics bet in 18 months Market Samsung, SK Hynix shares slide 7%+ on Nasdaq opening jitters as chipmakers bear brunt of tech selloff Breaking Google launches Gemini Omni Flash video model at $0.10/sec and Nano Banana 2 Lite image model into GA Chips Tesla hires Gary Jiang, 17-year Intel veteran, as Director of Terafab chip project Market Meta launches cloud business to sell excess AI compute capacity; stock +8% Market NVIDIA projects $1 trillion AI infrastructure demand through 2027; doubles prior forecast Chips Samsung HBM4 surpasses $1B in sales within 4 months; projects $10B full-year run rate Funding Oxmiq Labs raises $35M Series A for licensable GPU IP, eyes Arm-like architecture Research ChatGPT crosses 1 billion monthly active users, fastest consumer app milestone in history Chips NVIDIA and TSMC mark first US-made Blackwell wafer in Phoenix, plan $500B infrastructure spend over 4 years Funding Oxmiq raises $35M Series A for RISC-V GPU IP, expands data center architecture focus Breaking Klarna's PriceRunner wins $1.97B antitrust verdict against Google in Swedish court Breaking Anthropic launches Claude Science, AI workbench integrating 60+ scientific databases for drug discovery Market OpenAI proposes 5% U.S. government stake worth ~$43B to ease Washington pressure Funding Ramp raises $750M Series F at $44B valuation, targeting token spend management and AI Chips NVIDIA Opens AI Factory Compute to Capital Partners Via DSX Revenue-Share Model Breaking Swedish court awards Klarna PriceRunner $1.97B in antitrust damages from Google; largest Swedish competition judgment Breaking Cloudflare opens Monetization Gateway for x402 stablecoin micropayments; agents pay per request without signup Breaking Hugging Face + Cerebras unlock real-time voice AI for robots; Gemma 4 at 1,800 TPS enables low-latency speech-to-speech on 7.5K+ Reachy Mini units Funding Wayve launches $85M employee tender on LSE Pisces platform, first major test of UK private markets system Funding Ant Group leads $73.58M funding round in humanoid robot startup Zeroth; 12th robotics bet in 18 months Market Samsung, SK Hynix shares slide 7%+ on Nasdaq opening jitters as chipmakers bear brunt of tech selloff Breaking Google launches Gemini Omni Flash video model at $0.10/sec and Nano Banana 2 Lite image model into GA Chips Tesla hires Gary Jiang, 17-year Intel veteran, as Director of Terafab chip project Market Meta launches cloud business to sell excess AI compute capacity; stock +8% Market NVIDIA projects $1 trillion AI infrastructure demand through 2027; doubles prior forecast Chips Samsung HBM4 surpasses $1B in sales within 4 months; projects $10B full-year run rate Funding Oxmiq Labs raises $35M Series A for licensable GPU IP, eyes Arm-like architecture Research ChatGPT crosses 1 billion monthly active users, fastest consumer app milestone in history Chips NVIDIA and TSMC mark first US-made Blackwell wafer in Phoenix, plan $500B infrastructure spend over 4 years Funding Oxmiq raises $35M Series A for RISC-V GPU IP, expands data center architecture focus Breaking Klarna's PriceRunner wins $1.97B antitrust verdict against Google in Swedish court

Market Sunday, June 28, 2026 at 08:33 PM

CoreWeave joins Nasdaq-100 just 15 months post-IPO; GPU cloud provider valued at $64B+ with $56B revenue backlog

CoreWeave, the GPU-focused cloud infrastructure provider that went public at $40 per share in March 2025, has been selected for inclusion in the Nasdaq-100 Index, effective June 22, 2026. The 15-month rise from IPO to index inclusion—where it now commands roughly $64 billion in market capitalization—underscores Wall Street's appetite for AI infrastructure providers. The company reported $2.1 billion in Q1 2026 revenue, with analysts projecting $12-13 billion for the full year, backed by an enormous revenue backlog of approximately $56 billion driven by multi-year commitments from hyperscalers like Meta and OpenAI.

The stock has traded volatile since its June 2025 peak of 300% gains, but fundamentals show a widening customer base: Microsoft accounted for 67% of CoreWeave's 2025 revenue but dropped to 45% in Q1 2026 as client diversification improved. The company now counts nine of the ten largest AI model providers as customers. However, CoreWeave remains dependent exclusively on NVIDIA for GPU hardware—a strategic asset when supply is scarce but a single-point-of-failure risk if NVIDIA prioritizes other customers or supply chains fracture. The company also carries $25 billion in debt, primarily from the capital-intensive expansion of its data center footprint.

For practitioners evaluating cloud infrastructure stacks, CoreWeave's Nasdaq-100 inclusion creates both opportunity and scrutiny. The mechanical index flows will drive demand from passive funds, but the valuation—19 times sales—more than doubles the tech sector average of 8, even accounting for its 4x growth trajectory over the next two years. The concentrated customer risk (particularly reliance on Meta and OpenAI) and sole-source GPU dependency mean that business disruption at either a customer or at NVIDIA could have material impact. That said, the backlog visibility and diversification trend suggest the infrastructure demand curve remains steep through at least 2027-2028.

Sources