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Tech stocks today: CoreWeave and Supermicro to report results, Intel to upsizes stock sale
['Tue', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Tech stocks were mixed Tuesday, as investors prepare for results from AI infrastructure companies CoreWeave (CRWV) and Supermicro (SMCI) after the bell.
CoreWeave has dropped roughly 30% since its last earnings report in May over concerns about revenue growth and its spending plans.
For the current quarter, analysts are anticipating an adjusted loss per share of -$1.18 and revenue of $2.5 billion.
CoreWeave is spending billions building out AI data centers packed full of high-powered chips which it then rents out to customers including Meta (META) and Anthropic (ANTH.PVT).
Also on Tuesday, Intel (INTC), said it upsized its share sale from $15 billion in common stock to $20 billion due to massive demand.