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AI & Enterprise

CoreWeave credit fears spread as 68 trillion won debt weighs on AI stocks

Selling pressure is spreading across AI-related stocks as credit risk rises at AI infrastructure firm CoreWeave. Its five-year credit default swap spread topped 1,140 basis points intraday before easing to 1,088, up 33% from a week earlier and 177% from a year ago. CoreWeave has more than $51 billion in debt and financial obligations. Investors are focusing on when cash flow will arrive to support heavy capital spending.

AI & Enterprise

S&P 500 third-quarter profits seen up nearly 31% on AI despite slower U.S. chip growth

U.S. semiconductor companies are expected to post slower third-quarter profit growth than in the previous quarter, but AI investment demand is forecast to lift S&P 500 profits nearly 31% from a year earlier. LSEG sees chip-sector profits up about 136% year-on-year. Alphabet, Amazon and Meta Platforms are expected to account for about two-thirds of the index’s profit growth. Investors are increasingly focused on whether rising AI spending translates into sustainable profits and cash flow.

Industry

Micron shares slip in premarket ahead of earnings, Wall Street raises price targets

Micron shares fell in premarket trading ahead of its earnings report. The stock was down 1.32 percent at $1,068 as of 8:36 a.m., after closing up 0.16 percent at $1,082.28 in the prior regular session. Wall Street’s assessment was broadly positive, with Baird raising its price target and JPMorgan maintaining an overweight rating and target price. Analysts cited improving memory-market conditions.