Welcome to Markets Desk, here's what's moving your money today.
CoreWeave closed Friday at seventy-one eighty-eight, down more than eleven percent on the week after briefly trading above eighty-six. The selloff isn't about revenue — it's about capital expenditure. Investors are growing uneasy with how aggressively the AI infrastructure company is spending to scale, raising questions about the path to profitability.
Shifting to semiconductors, Samsung has landed a blockbuster five-year contract with Broadcom worth more than two hundred billion dollars, focused on two-nanometer and below chip manufacturing through twenty thirty. The deal is a direct play on AI infrastructure buildout, and it signals that foundry competition for the most advanced process nodes is intensifying considerably.
And in a remarkable disclosure out of San Francisco, SK Group's chairman revealed that Anthropic has approached SK Hynix about supplies to manufacture its own chips. That would be an extraordinary vertical integration move for an AI developer, and it suggests the largest AI labs are increasingly determined to reduce their dependence on third-party silicon suppliers as demand and costs continue climbing.
That's the tape. Markets Desk, signing off the floor.
