News
Rounak Jain
·
March 2, 2025
·
Benzinga
Rounak Jain
·
March 2, 2025
·
Benzinga
The past week has been a rollercoaster ride for the tech industry, with artificial intelligence (AI) taking the spotlight. From IPO announcements to earnings reports and ambitious projections, the world of AI has been abuzz with activity. Here’s a quick recap of the top stories that made headlines.
Nvidia-Backed CoreWeave Eyes $4 Billion IPO:
CoreWeave, a cloud computing firm supported by Nvidia Corp. (NASDAQ:NVDA), is gearing up for an initial public offering (IPO). The company is aiming to raise $4 billion, with a valuation exceeding $35 billion.
SoundHound AI’s CEO Discusses AI’s Role in Transforming the World
Following SoundHound AI’s (NASDAQ:SOUN) earnings beat, Benzinga interviewed its founder and CEO, Keyvan Mohajer. Mohajer discussed the company’s journey from a Stanford dorm room to becoming a major player in the AI industry.
Nvidia Wipes $375 Billion Of Investor Wealth
Despite strong Q4 earnings, shares of Nvidia Corp. (NASDAQ:NVDA) have fallen 13.13% in 2025, erasing approximately $375 billion in investor wealth. Analysts attribute this to concerns about the company’s gross margins.
Dell Technologies Projects $15 Billion AI Server Revenue For FY26
Despite a mixed Q4, Dell Technologies Inc. (NYSE:DELL) remains optimistic about its AI server business. The company projects a growth of at least $15 billion in the fiscal year 2026 and announced an 18% increase in annual dividend.
Apollo Global Management In Talks To Lead $35 Billion Financing For Meta’s AI Data Centers
Apollo Global Management is reportedly in talks to lead a $35 billion financing deal to support Meta Platforms Inc. (NASDAQ:META) in developing new data centers across the U.S.
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This story was generated using Benzinga Neuro and edited by Rounak Jain
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