Galaxy Digital shares plunged to their lowest level since July after the institutional crypto firm reported a $482 million fourth-quarter loss, driven by a 22% decline in its investment portfolio value. The Nasdaq-listed company saw its digital assets and investments fall by $449 million in the quarter ended Dec. 31, 2023, resulting in a loss before taxes and interest of $557 million—double Wall Street’s expectations. Despite the significant downturn, Galaxy highlighted stability in its $1.8 billion loan book and progress on its Helios data center project, which analysts view as central to its long-term investment thesis.
about Galaxy Digital Posts $482M Q4 Loss as Crypto Portfolio Value DropsCoreWeave
0 in Finance and 0 in Crypto last weekCoreWeave Raises $2B in Convertible Notes for AI Infrastructure Expansion
AI infrastructure provider CoreWeave (CRWV) has announced a $2 billion private offering of convertible senior notes due 2031, a major capital raise aimed at fueling its expansion in the competitive artificial intelligence sector. The move, which includes sophisticated financial engineering to protect existing shareholders from dilution, follows a yearlong strategic pursuit of additional power capacity through data center operator Core Scientific, underscoring the intense resource demands of scaling AI infrastructure.
about CoreWeave Raises $2B in Convertible Notes for AI Infrastructure ExpansionGov’t Shutdown End, Economic Warnings & Tech Forecasts
The United States Senate has passed a temporary funding measure that could finally end the 42-day government shutdown, but the relief may be short-lived as economists warn the prolonged fiscal standoff has left the US economy ‘deeply unbalanced.’ The development, discussed on Bloomberg Businessweek Daily, comes alongside significant tech sector turbulence as CoreWeave faces forecast cuts and Paramount reports earnings, creating a complex picture of market uncertainty across government policy, economic stability, and corporate performance.
about Gov't Shutdown End, Economic Warnings & Tech ForecastsSoftbank Exits Nvidia, AI Outlook Shakes Tech Sector
Softbank has liquidated its entire stake in Nvidia as founder Masayoshi Son pivots toward building his own AI empire, signaling a major strategic shift in the artificial intelligence landscape. Meanwhile, concerning signals from cloud provider CoreWeave are raising fresh doubts about tech sector stability and lofty valuations, creating a negative sentiment across markets. The political backdrop adds another layer of uncertainty as the House prepares for a crucial vote following Senate approval of temporary funding to avert a government shutdown, while venture capitalist Tim Draper’s launch of a digital twin highlights the evolving intersection of technology and personal branding.
about Softbank Exits Nvidia, AI Outlook Shakes Tech SectorUS Stocks Mixed: Tech Drags S&P 500, Dow Gains
US markets delivered a split performance on Wednesday as technology stocks weighed heavily on major indices while the Dow Jones managed modest gains. The S&P 500 declined 0.3% and Nasdaq fell 0.6% as Nvidia led tech declines following SoftBank’s massive $5.83 billion stake sale, while weak economic data signaled slowing growth. Although Senate action to avert a government shutdown provided some relief, markets remained cautious amid the mixed signals from corporate earnings and economic indicators.
about US Stocks Mixed: Tech Drags S&P 500, Dow GainsTech Stocks Slide as SoftBank Exits Nvidia, Funding Bill Passes
US stock futures retreated sharply as traders abandoned high-priced technology stocks following SoftBank’s complete divestment from Nvidia and disappointing revenue guidance from CoreWeave. The market downturn unfolded alongside political developments as the Senate passed a temporary funding measure with a 60-40 vote to end the US government shutdown, providing some stability amid growing concerns about delayed economic data creating potential market volatility.
about Tech Stocks Slide as SoftBank Exits Nvidia, Funding Bill PassesMichael Burry Bets $1.1B Against AI Stocks, Sparking Selloff
Legendary investor Michael Burry has placed a massive $1.1 billion bet against AI giants Nvidia and Palantir, warning that artificial intelligence stocks have entered bubble territory. The disclosure triggered immediate sell-offs across global tech markets as investors reassessed AI valuations, with Palantir dropping up to 16% and the Nasdaq recording its largest one-day drop in nearly a month.
about Michael Burry Bets $1.1B Against AI Stocks, Sparking SelloffCore Scientific Shareholders Reject $9B CoreWeave Merger
Bitcoin miner Core Scientific’s shareholders have rejected a proposed $9 billion acquisition by AI infrastructure firm CoreWeave, dealing a significant blow to one of the most-watched mergers in the cryptocurrency sector. The deal, which had been in negotiation for over a year, failed to secure necessary approval during Thursday’s shareholder meeting, with final voting results to be formally disclosed in an SEC filing on Friday.
about Core Scientific Shareholders Reject $9B CoreWeave MergerCoreWeave’s $9B Bitcoin Miner Deal Rejected by Shareholders
Core Scientific shareholders have rejected a proposed $9 billion all-stock merger with AI computing firm CoreWeave, terminating what would have been one of the largest transactions in the high-power computing space. The shareholder rejection sent CoreWeave’s stock down nearly 4% while Core Scientific’s shares rose slightly, reflecting investor concerns that the deal undervalued the Bitcoin miner despite ongoing profitability challenges in the cryptocurrency mining industry.
about CoreWeave's $9B Bitcoin Miner Deal Rejected by ShareholdersEarnings Season Surprises, Trade Deal Hopes Boost Markets
Corporate America is delivering unexpectedly strong earnings results during a data-light week, providing investors with much-needed direction as markets navigate uncertain waters. The positive momentum is further bolstered by renewed optimism around US-China trade negotiations, with President Trump expressing confidence in reaching a fair deal that could ease longstanding tensions between the economic superpowers.
about Earnings Season Surprises, Trade Deal Hopes Boost MarketsGalaxy Digital Posts $505M Q3 Profit, Assets Hit $17B
Galaxy Digital reported staggering $505 million in third-quarter profits as assets on its platform surged to a record $17 billion. The institutional crypto firm is now positioning itself as a direct competitor to retail platforms like Coinbase and Robinhood with its new GalaxyOne offering, signaling a strategic expansion that has sent its shares soaring and dramatically exceeded Wall Street expectations.
about Galaxy Digital Posts $505M Q3 Profit, Assets Hit $17BNvidia at Crossroads: AI Bubble Fears vs. Growth Trajectory
Nvidia stands at a critical juncture as its unprecedented AI-driven rally faces mounting skepticism from analysts questioning whether slowing growth metrics and circular financing arrangements signal an impending market correction. Despite delivering its ninth consecutive quarter of 50%+ revenue growth with Q2 Fiscal 2026 reaching $46.7 billion, concerns about China’s collapsing revenue share and bubble-like behavior are creating significant uncertainty about the chipmaker’s future trajectory and valuation.
about Nvidia at Crossroads: AI Bubble Fears vs. Growth Trajectory