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Fed’s Cook Warns of AI ‘Creative Destruction’ as Global Diplomatic Tensions Simmer
Stock Market News· 2026-02-24 18:08
Key TakeawaysFederal Reserve Governor Lisa Cook warned that AI-driven productivity gains could lead to "creative destruction," potentially raising unemployment to 4.3% or higher without providing the Fed with traditional tools to intervene.Alphabet Inc. (GOOGL) expanded its AI creative suite, launching AI avatars and voiceovers in seven new languages for Google Vids to capture a larger share of the global enterprise market.Diplomatic relations between the U.S. and France showed signs of recovery as Paris mo ...
Nvidia-backed stock crashes after Wall Street's extreme bearish report
Finbold· 2025-06-10 14:16
Core Viewpoint - CoreWeave's stock experienced a significant decline following a negative analyst report from D.A. Davidson, which raised concerns about the company's financial fundamentals and outlook [1][4]. Stock Performance - As of the report, CoreWeave's shares were trading at $150.49, down 7% for the day, after a remarkable increase of approximately 160% over the past month [1][3]. Analyst Rating and Price Target - D.A. Davidson reiterated an 'Underperform' rating for CoreWeave, setting a price target of $36, indicating a potential 76% decrease from the current share price [4][5]. Financial Concerns - The analyst report criticized CoreWeave's financing structure, highlighting a projected $590 million in additional borrowing costs that could negate any cash generated for shareholders [6][8]. - Concerns were raised about the long-term value of CoreWeave's AI infrastructure, particularly regarding the depreciation of GPUs and the potential economic unviability of data center investments [7][8]. Market Dynamics - The report noted that while AI enthusiasm may temporarily support CoreWeave's business model, the overall financial reality of the company is misaligned with its recent stock surge [5][8].